Varex Imaging (NASDAQ:VREX) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Varex Imaging (NASDAQ:VREX) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Varex Imaging Trading Up 2.9 %

Shares of Varex Imaging stock opened at $13.99 on Thursday. Varex Imaging has a 52 week low of $10.19 and a 52 week high of $19.91. The stock’s fifty day moving average is $14.81 and its two-hundred day moving average is $13.39. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72.

Institutional Trading of Varex Imaging

Institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in shares of Varex Imaging in the third quarter valued at about $41,000. CWM LLC lifted its position in shares of Varex Imaging by 2,384.2% in the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock worth $114,000 after purchasing an additional 9,203 shares during the period. Inspire Advisors LLC boosted its stake in shares of Varex Imaging by 29.8% during 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 in the last quarter. Intech Investment Management LLC lifted its stake in shares of Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Varex Imaging in the third quarter valued at about $204,000.

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.