Varex Imaging (NASDAQ:VREX) Upgraded at StockNews.com

StockNews.com upgraded shares of Varex Imaging (NASDAQ:VREX) from a hold rating to a buy rating in a research note published on Wednesday.

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

Varex Imaging Trading Up 0.9 %

Shares of Varex Imaging stock opened at $16.68 on Wednesday. The company has a market capitalization of $685.55 million, a price-to-earnings ratio of -14.26 and a beta of 0.53. The business has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $13.53. Varex Imaging has a 1 year low of $10.19 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Varex Imaging by 287.4% in the second quarter. Harbor Capital Advisors Inc. now owns 165,103 shares of the company’s stock valued at $2,432,000 after buying an additional 122,488 shares during the period. Assenagon Asset Management S.A. grew its holdings 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 worth $2,211,000 after purchasing an additional 50,382 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Varex Imaging during the 3rd quarter valued at approximately $1,150,000. Deerfield Management Company L.P. Series C bought a new position in Varex Imaging in the 2nd quarter valued at approximately $971,000. Finally, Wedge Capital Management L L P NC grew its position in Varex Imaging by 32.3% during 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 acquiring an additional 26,321 shares during the last quarter.

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.