Varex Imaging (NASDAQ:VREX) Downgraded to “Hold” Rating by StockNews.com

Varex Imaging (NASDAQ:VREXGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Varex Imaging Stock Performance

Shares of VREX opened at $13.60 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The stock has a 50-day moving average of $14.85 and a two-hundred day moving average of $13.39. The stock has a market cap of $560.74 million, a P/E ratio of -11.62 and a beta of 0.63. Varex Imaging has a one year low of $10.19 and a one year high of $19.91.

Institutional Investors Weigh In On Varex Imaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VREX. FMR LLC grew its holdings in Varex Imaging by 4,739.2% during the third quarter. FMR LLC now owns 200,341 shares of the company’s stock worth $2,388,000 after acquiring an additional 196,201 shares during the period. Barclays PLC increased its holdings in Varex Imaging by 15.3% in the third quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after buying an additional 12,966 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Varex Imaging by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock worth $2,211,000 after acquiring an additional 50,382 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Varex Imaging in the third quarter worth about $415,000. Finally, BNP Paribas Financial Markets grew its position in shares of Varex Imaging by 1,359.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,295 shares of the company’s stock valued at $623,000 after acquiring an additional 48,713 shares during the period.

About Varex Imaging

(Get Free Report)

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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