Varex Imaging Co. (NASDAQ:VREX) SVP Sells $51,329.67 in Stock

Varex Imaging Co. (NASDAQ:VREX) SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $12.81, for a total transaction of $51,329.67. Following the sale, the senior vice president now owns 4,002 shares of the company’s stock, valued at approximately $51,265.62. The trade was a 50.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Varex Imaging Stock Down 2.3 %

VREX stock opened at $12.57 on Friday. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The firm’s fifty day moving average is $13.28 and its 200 day moving average is $13.42. The firm has a market cap of $517.88 million, a PE ratio of -10.74 and a beta of 0.56.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. On average, research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its position in Varex Imaging by 5.3% during the third quarter. Empowered Funds LLC now owns 158,873 shares of the company’s stock worth $1,894,000 after acquiring an additional 8,040 shares during the period. Quest Partners LLC acquired a new position in shares of Varex Imaging during the 3rd quarter worth about $41,000. LMR Partners LLP purchased a new position in Varex Imaging in the 3rd quarter valued at about $243,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Varex Imaging in the 3rd quarter valued at about $312,000. Finally, Intech Investment Management LLC boosted its holdings in Varex Imaging by 13.7% in the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after buying an additional 1,959 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VREX shares. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Oppenheimer decreased their price objective on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Varex Imaging in a report on Friday, February 7th.

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.