StockNews.com Upgrades Varex Imaging (NASDAQ:VREX) to Buy

Varex Imaging (NASDAQ:VREX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, B. Riley began coverage on Varex Imaging in a research note on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price on the stock.

Varex Imaging Trading Up 0.1 %

Shares of VREX stock opened at $16.53 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. The firm has a market cap of $679.38 million, a P/E ratio of -14.13 and a beta of 0.53. The company has a 50 day moving average of $13.12 and a 200-day moving average of $13.52. Varex Imaging has a 12-month low of $10.19 and a 12-month high of $21.50.

Institutional Trading of Varex Imaging

A number of institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its holdings in Varex Imaging by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after acquiring an additional 122,488 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Varex Imaging by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock valued at $2,211,000 after purchasing an additional 50,382 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of Varex Imaging during the 3rd quarter valued at $1,150,000. Deerfield Management Company L.P. Series C purchased a new stake in Varex Imaging during the 2nd quarter worth about $971,000. Finally, Wedge Capital Management L L P NC boosted its stake in Varex Imaging by 32.3% in the 3rd quarter. Wedge Capital Management L L P NC now owns 107,900 shares of the company’s stock worth $1,286,000 after purchasing an additional 26,321 shares during the period.

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.