Varex Imaging (NASDAQ:VREX) Upgraded by StockNews.com to “Buy” Rating

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

Separately, B. Riley assumed 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 Stock Up 0.1 %

Varex Imaging stock opened at $16.53 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. Varex Imaging has a fifty-two week low of $10.19 and a fifty-two week high of $21.50. The company’s 50 day simple moving average is $13.01 and its 200 day simple moving average is $13.50. The firm has a market capitalization of $679.38 million, a price-to-earnings ratio of -14.13 and a beta of 0.53.

Hedge Funds Weigh In On Varex Imaging

A number of institutional investors have recently added to or reduced their stakes in VREX. Innealta Capital LLC acquired a new position in Varex Imaging during the second quarter worth $26,000. Canada Pension Plan Investment Board acquired a new position in Varex Imaging during the second quarter worth $38,000. Quest Partners LLC acquired a new position in Varex Imaging during the third quarter worth $41,000. CWM LLC increased its holdings in Varex Imaging by 2,384.2% during the third quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after buying an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Varex Imaging by 29.8% in the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after purchasing an additional 3,245 shares during the last quarter.

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.