Varex Imaging Co. (NASDAQ:VREX - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.58 and last traded at $16.62, with a volume of 28489 shares trading hands. The stock had previously closed at $16.91.
Analyst Upgrades and Downgrades
Separately, TheStreet cut Varex Imaging from a "b-" rating to a "c" rating in a research report on Tuesday, February 6th.
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Varex Imaging Trading Down 3.9 %
The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 2.37. The business's 50 day simple moving average is $17.37 and its 200 day simple moving average is $18.54. The stock has a market cap of $659.75 million, a P/E ratio of 16.93, a PEG ratio of 2.42 and a beta of 0.69.
Varex Imaging (NASDAQ:VREX - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. The company had revenue of $190.00 million for the quarter, compared to the consensus estimate of $187.97 million. During the same quarter last year, the business earned $0.08 EPS. Varex Imaging's quarterly revenue was down 7.6% compared to the same quarter last year. On average, analysts expect that Varex Imaging Co. will post 0.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Varex Imaging
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Varex Imaging in the 3rd quarter valued at $498,000. Exchange Traded Concepts LLC bought a new position in shares of Varex Imaging in the third quarter valued at about $496,000. Mackenzie Financial Corp acquired a new position in Varex Imaging during the 3rd quarter worth about $230,000. Allspring Global Investments Holdings LLC grew its holdings in Varex Imaging by 3.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,018,300 shares of the company's stock worth $56,714,000 after acquiring an additional 88,406 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in Varex Imaging by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 170,232 shares of the company's stock worth $3,199,000 after acquiring an additional 788 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.
Further Reading
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