Varex Imaging Co. (NASDAQ:VREX – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $16.66 and last traded at $16.66, with a volume of 116742 shares traded. The stock had previously closed at $17.18.
Wall Street Analyst Weigh In
Separately, TheStreet downgraded shares of Varex Imaging from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.
Check Out Our Latest Stock Analysis on Varex Imaging
Varex Imaging Price Performance
Varex Imaging (NASDAQ:VREX – Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Varex Imaging had a return on equity of 9.21% and a net margin of 5.08%. The business had revenue of $190.00 million for the quarter, compared to analyst estimates of $187.97 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts forecast that Varex Imaging Co. will post 0.99 EPS for the current year.
Institutional Investors Weigh In On Varex Imaging
A number of hedge funds have recently bought and sold shares of VREX. Pacer Advisors Inc. bought a new stake in Varex Imaging during the fourth quarter valued at about $20,481,000. BlackRock Inc. lifted its stake in shares of Varex Imaging by 5.1% in the third quarter. BlackRock Inc. now owns 7,116,701 shares of the company’s stock valued at $150,448,000 after buying an additional 345,392 shares during the period. Norges Bank bought a new stake in shares of Varex Imaging in the fourth quarter valued at about $6,602,000. First Eagle Investment Management LLC bought a new stake in shares of Varex Imaging in the third quarter valued at about $5,098,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Varex Imaging by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,226,831 shares of the company’s stock valued at $40,505,000 after buying an additional 238,208 shares during the period.
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.
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