DENTSPLY SIRONA (NASDAQ:XRAY) Reaches New 1-Year Low – Here’s What Happened

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $22.84 and last traded at $23.34, with a volume of 93783 shares trading hands. The stock had previously closed at $23.34.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XRAY shares. Robert W. Baird decreased their target price on DENTSPLY SIRONA from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. StockNews.com upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC reduced their target price on DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lowered their price target on shares of DENTSPLY SIRONA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, Evercore ISI reduced their price objective on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.88.

DENTSPLY SIRONA Trading Up 2.5 %

The stock has a market cap of $4.86 billion, a P/E ratio of -27.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $26.04.

Hedge Funds Weigh In On DENTSPLY SIRONA

Several large investors have recently made changes to their positions in the company. AM Squared Ltd raised its position in shares of DENTSPLY SIRONA by 69.4% during the 3rd quarter. AM Squared Ltd now owns 6,100 shares of the medical instruments supplier’s stock valued at $165,000 after acquiring an additional 2,500 shares during the last quarter. Natixis Advisors LLC raised its position in shares of DENTSPLY SIRONA by 21.1% in the 3rd quarter. Natixis Advisors LLC now owns 21,733 shares of the medical instruments supplier’s stock valued at $588,000 after acquiring an additional 3,787 shares during the period. Empowered Funds LLC bought a new position in DENTSPLY SIRONA during the 3rd quarter worth approximately $2,468,000. Connable Office Inc. grew its holdings in DENTSPLY SIRONA by 16.4% during the third quarter. Connable Office Inc. now owns 15,150 shares of the medical instruments supplier’s stock valued at $410,000 after purchasing an additional 2,138 shares during the period. Finally, KBC Group NV increased its stake in DENTSPLY SIRONA by 19.9% in the third quarter. KBC Group NV now owns 6,274 shares of the medical instruments supplier’s stock valued at $170,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.