Research analysts at StockNews.com assumed coverage on shares of Avinger (NASDAQ:AVGR – Get Rating) in a research report issued on Friday. The firm set a “sell” rating on the medical device company’s stock.
Separately, HC Wainwright initiated coverage on Avinger in a research note on Friday, April 21st. They issued a “buy” rating for the company.
Avinger Price Performance
Shares of AVGR stock opened at $0.59 on Friday. The company has a market cap of $6.28 million, a price-to-earnings ratio of -0.19 and a beta of 1.52. The stock has a 50 day simple moving average of $0.64 and a 200-day simple moving average of $1.00. Avinger has a 1-year low of $0.42 and a 1-year high of $2.14.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Armistice Capital LLC raised its stake in Avinger by 7.8% in the 4th quarter. Armistice Capital LLC now owns 720,136 shares of the medical device company’s stock valued at $781,000 after purchasing an additional 52,000 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Avinger in the 2nd quarter valued at $42,000. Finally, Dimensional Fund Advisors LP acquired a new position in Avinger in the 1st quarter valued at $64,000. 14.14% of the stock is owned by institutional investors and hedge funds.
Avinger, Inc is a commercial-stage medical device company, which engages in the designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease. Its products include Pantheris, Lightbox, Ocelot, Wildcat, Juicebox, and Kittycat.
- Get a free copy of the StockNews.com research report on Avinger (AVGR)
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