Varex Imaging Co. (NASDAQ:VREX – Get Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as $16.58 and last traded at $16.62, with a volume of 28489 shares trading hands. The stock had previously closed at $16.91.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Varex Imaging from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.
Check Out Our Latest Stock Analysis on VREX
Varex Imaging Trading Up 2.0 %
Varex Imaging (NASDAQ:VREX – Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $190.00 million for the quarter, compared to analyst estimates of $187.97 million. Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. Varex Imaging’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. Research analysts anticipate that Varex Imaging Co. will post 0.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Varex Imaging
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Varex Imaging in the fourth quarter valued at $30,000. Federated Hermes Inc. lifted its holdings in Varex Imaging by 216.3% in the third quarter. Federated Hermes Inc. now owns 1,781 shares of the company’s stock valued at $33,000 after buying an additional 1,218 shares during the period. GAMMA Investing LLC acquired a new position in Varex Imaging in the fourth quarter valued at $53,000. Jump Financial LLC acquired a new position in Varex Imaging in the fourth quarter valued at $214,000. Finally, Mackenzie Financial Corp acquired a new position in Varex Imaging in the third quarter valued at $230,000.
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.
Featured Stories
- Five stocks we like better than Varex Imaging
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- AMD is Down 35%. Now is the Time to Buy the Dip
- The Most Important Warren Buffett Stock for Investors: His Own
- Amazon Stands Tall: New Highs Are in Sight
- 3 Healthcare Dividend Stocks to Buy
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.