Varex Imaging Co. (NASDAQ:VREX) Short Interest Update

Varex Imaging Co. (NASDAQ:VREX) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 966,300 shares, a decline of 17.4% from the February 13th total of 1,170,000 shares. Based on an average trading volume of 511,600 shares, the short-interest ratio is presently 1.9 days. Approximately 2.5% of the shares of the stock are short sold.

Varex Imaging Stock Performance

NASDAQ:VREX opened at $13.02 on Thursday. The firm has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $13.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.36 and a quick ratio of 2.50. The firm has a market cap of $536.42 million, a PE ratio of -11.13 and a beta of 0.56. Varex Imaging has a 1-year low of $10.19 and a 1-year high of $18.30.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. On average, equities analysts expect that Varex Imaging will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer cut their target price on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

Institutional Investors Weigh In On Varex Imaging

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new stake in Varex Imaging in the fourth quarter valued at approximately $25,000. Quest Partners LLC purchased a new stake in Varex Imaging in the third quarter valued at approximately $41,000. Quadrant Capital Group LLC grew its holdings in Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company’s stock valued at $41,000 after purchasing an additional 1,520 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Varex Imaging in the fourth quarter valued at approximately $48,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Varex Imaging in the fourth quarter valued at approximately $98,000.

About Varex Imaging

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.