FocalTherics (NASDAQ:FOCL – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.19), FiscalAI reports. FocalTherics had a negative return on equity of 175.45% and a negative net margin of 56.26%.The firm had revenue of $13.20 million for the quarter.
FocalTherics Stock Performance
Shares of FOCL traded up $0.13 during mid-day trading on Friday, reaching $4.76. 355,833 shares of the company were exchanged, compared to its average volume of 138,346. The stock has a 50 day simple moving average of $5.39. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.34 and a quick ratio of 0.99. The company has a market capitalization of $178.41 million, a PE ratio of -4.62 and a beta of -0.04. FocalTherics has a 52 week low of $1.30 and a 52 week high of $6.40.
Institutional Trading of FocalTherics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flax Pond Capital LLC acquired a new position in shares of FocalTherics in the 4th quarter worth approximately $2,623,000. Rock Springs Capital Management LP increased its position in shares of FocalTherics by 7.1% during the first quarter. Rock Springs Capital Management LP now owns 1,378,000 shares of the company’s stock worth $5,126,000 after buying an additional 91,500 shares during the period. Kovack Advisors Inc. bought a new position in FocalTherics during the fourth quarter worth $53,000. Lido Advisors LLC bought a new position in FocalTherics during the first quarter worth $40,000. Finally, SmartHarvest Portfolios LLC acquired a new position in FocalTherics in the first quarter valued at $38,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Report on FOCL
About FocalTherics
EDAP TMS SA, together with its subsidiaries, develops, produces, markets, distributes, and maintains a portfolio of minimally invasive medical devices for the treatment of urological diseases in Asia, France, the United States, and internationally. It operates in three segments: High Intensity Focused Ultrasound (HIFU), Extracorporeal ShockWave Lithotripsy (ESWL), and Distribution Services (DIST). The HIFU segment develops, manufactures, and markets medical devices based on HIFU technology for the minimally invasive treatment of urological and other clinical indications.
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