Varex Imaging (NASDAQ:VREX) Trading Down 3.5% - What's Next?

Varex Imaging Co. (NASDAQ:VREX - Get Free Report)'s stock price fell 3.5% during mid-day trading on Friday . The company traded as low as $15.84 and last traded at $15.93. 55,958 shares were traded during trading, a decline of 89% from the average session volume of 497,709 shares. The stock had previously closed at $16.51.

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of Varex Imaging in a report on Friday, August 23rd. They issued a "buy" rating and a $21.00 price target on the stock.

Varex Imaging Trading Up 0.8 %

The business's 50-day moving average is $12.69 and its two-hundred day moving average is $13.50. The company has a current ratio of 3.32, a quick ratio of 1.89 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $683.90 million, a PE ratio of -14.22 and a beta of 0.53.

Hedge Funds Weigh In On Varex Imaging

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new stake in shares of Varex Imaging in the second quarter worth $26,000. Canada Pension Plan Investment Board acquired a new stake in Varex Imaging during the second quarter valued at approximately $38,000. Quest Partners LLC bought a new position in Varex Imaging during the 3rd quarter worth approximately $41,000. Pacific Center for Financial Services acquired a new position in shares of Varex Imaging in the 1st quarter worth approximately $94,000. Finally, CWM LLC increased its holdings 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 valued at $114,000 after acquiring an additional 9,203 shares during the last quarter.

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.