Point72 Asia Singapore Pte. Ltd. purchased a new position in Varex Imaging Co. (NASDAQ:VREX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,292 shares of the company's stock, valued at approximately $778,000. Point72 Asia Singapore Pte. Ltd. owned about 0.16% of Varex Imaging at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Varex Imaging during the second quarter valued at $26,000. Canada Pension Plan Investment Board purchased a new position in shares of Varex Imaging in the 2nd quarter valued at about $38,000. Quest Partners LLC purchased a new position in Varex Imaging during the third quarter worth approximately $41,000. CWM LLC grew its holdings in Varex Imaging by 2,384.2% in the third quarter. CWM LLC now owns 9,589 shares of the company's stock valued at $114,000 after purchasing an additional 9,203 shares during the period. Finally, Inspire Advisors LLC increased its position 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 buying an additional 3,245 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Wednesday, November 27th. 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 for the company.
Check Out Our Latest Analysis on Varex Imaging
Varex Imaging Price Performance
NASDAQ:VREX traded down $0.30 during trading hours on Monday, hitting $16.38. The company's stock had a trading volume of 264,085 shares, compared to its average volume of 503,274. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The stock has a fifty day moving average of $13.24 and a 200-day moving average of $13.50.
Varex Imaging Profile
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Free Report)
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.
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