Varex Imaging (NASDAQ:VREX – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Varex Imaging Stock Down 0.2 %
Shares of NASDAQ VREX traded down $0.03 during trading hours on Wednesday, hitting $13.88. The company had a trading volume of 414,408 shares, compared to its average volume of 388,416. The stock has a market capitalization of $572.27 million, a P/E ratio of -11.86 and a beta of 0.63. Varex Imaging has a 1-year low of $10.19 and a 1-year high of $20.27. The firm’s 50 day moving average is $14.86 and its 200-day moving average is $13.41. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72.
Hedge Funds Weigh In On Varex Imaging
Institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in Varex Imaging by 4,739.2% in the 3rd quarter. FMR LLC now owns 200,341 shares of the company’s stock valued at $2,388,000 after buying an additional 196,201 shares during the last quarter. Barclays PLC grew its position in shares of Varex Imaging by 15.3% in the third quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after purchasing an additional 12,966 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Varex Imaging by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock worth $2,211,000 after purchasing an additional 50,382 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Varex Imaging during the third quarter worth approximately $415,000. Finally, BNP Paribas Financial Markets lifted its holdings in Varex Imaging by 1,359.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,295 shares of the company’s stock worth $623,000 after purchasing an additional 48,713 shares during the last quarter.
Varex Imaging Company Profile
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.
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