Varex Imaging Co. (NASDAQ:VREX - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $16.66 and last traded at $16.66, with a volume of 116742 shares trading hands. The stock had previously closed at $17.18.
Analysts Set New Price Targets
Separately, TheStreet downgraded Varex Imaging from a "b-" rating to a "c" rating in a report on Tuesday, February 6th.
Read Our Latest Report on VREX
Varex Imaging Trading Down 1.6 %
The firm has a market capitalization of $686.55 million, a price-to-earnings ratio of 17.44, a P/E/G ratio of 2.51 and a beta of 0.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.37 and a current ratio of 4.30. The business has a fifty day moving average price of $17.45 and a 200 day moving average price of $18.68.
Varex Imaging (NASDAQ:VREX - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.05). The firm had revenue of $190.00 million for the quarter, compared to analyst estimates of $187.97 million. Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. The company's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities analysts forecast that Varex Imaging Co. will post 0.99 earnings per share for the current year.
Institutional Trading of Varex Imaging
A number of institutional investors have recently added to or reduced their stakes in VREX. Pacer Advisors Inc. purchased a new position in Varex Imaging in the 4th quarter valued at about $20,481,000. BlackRock Inc. boosted its position in Varex Imaging by 5.1% in the 3rd quarter. BlackRock Inc. now owns 7,116,701 shares of the company's stock valued at $150,448,000 after buying an additional 345,392 shares during the last quarter. Norges Bank purchased a new position in Varex Imaging in the 4th quarter valued at about $6,602,000. First Eagle Investment Management LLC purchased a new position in Varex Imaging in the 3rd quarter valued at about $5,098,000. Finally, Dimensional Fund Advisors LP boosted its position in Varex Imaging by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,226,831 shares of the company's stock valued at $40,505,000 after buying an additional 238,208 shares during the last quarter.
About Varex Imaging
(
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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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