Dynamic Technology Lab Private Ltd Boosts Stake in VAREX IMAGING $VREX

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in VAREX IMAGING by 260.6% in the first quarter, owning 48,628 shares valued at $564,000.
• VAREX IMAGING recently reported earnings of $0.18 per share, surpassing analysts' expectations of $0.04, with a revenue of $203 million for the quarter.
• Wall Street analysts have mixed reviews on the stock, with a consensus rating of "Buy" and a price target of $19.50, though one analyst downgraded it from "strong-buy" to "buy."

Dynamic Technology Lab Private Ltd boosted its position in VAREX IMAGING (NASDAQ:VREX - Free Report) by 260.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,628 shares of the company's stock after acquiring an additional 35,144 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.12% of VAREX IMAGING worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in shares of VAREX IMAGING during the fourth quarter worth about $48,000. Quarry LP purchased a new stake in VAREX IMAGING in the first quarter worth about $63,000. ProShare Advisors LLC purchased a new position in shares of VAREX IMAGING during the fourth quarter valued at approximately $159,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of VAREX IMAGING by 58.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,279 shares of the company's stock valued at $131,000 after purchasing an additional 4,139 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of VAREX IMAGING during the fourth quarter valued at approximately $190,000.

VAREX IMAGING Price Performance

Shares of NASDAQ VREX traded up $0.15 during mid-day trading on Tuesday, hitting $11.63. 364,146 shares of the company's stock traded hands, compared to its average volume of 330,693. The company's 50-day moving average is $9.63 and its two-hundred day moving average is $9.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.51 and a quick ratio of 1.82. The company has a market capitalization of $482.65 million, a P/E ratio of -3.62 and a beta of 0.87. VAREX IMAGING has a 1 year low of $6.76 and a 1 year high of $16.93.

VAREX IMAGING (NASDAQ:VREX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. The firm had revenue of $203.00 million for the quarter, compared to analysts' expectations of $190.32 million. VAREX IMAGING had a negative net margin of 16.13% and a positive return on equity of 5.54%. VAREX IMAGING has set its Q4 2025 guidance at 0.100-0.300 EPS. On average, equities analysts anticipate that VAREX IMAGING will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VREX. B. Riley restated a "buy" rating and issued a $16.00 price objective (up from $12.00) on shares of VAREX IMAGING in a report on Friday, August 8th. Wall Street Zen downgraded shares of VAREX IMAGING from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, VAREX IMAGING has a consensus rating of "Buy" and a consensus price target of $19.50.

VAREX IMAGING 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.