StockNews.com Initiates Coverage on Avinger (NASDAQ:AVGR)

Analysts at StockNews.com assumed coverage on shares of Avinger (NASDAQ:AVGR) in a research note issued on Tuesday. The brokerage set a “hold” rating on the medical device company’s stock.

Avinger Stock Performance

Shares of Avinger stock opened at $0.47 on Tuesday. The company has a fifty day moving average price of $0.53 and a 200 day moving average price of $0.77. Avinger has a twelve month low of $0.36 and a twelve month high of $4.37. The stock has a market cap of $1.57 million, a price-to-earnings ratio of -0.04 and a beta of 1.09.

About Avinger

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) primarily in the United States and Germany. The company develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.