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

Varex Imaging (NASDAQ:VREX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Varex Imaging Price Performance

Shares of VREX stock traded down $0.33 during mid-day trading on Thursday, hitting $13.85. 385,231 shares of the stock were exchanged, compared to its average volume of 397,066. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. Varex Imaging has a 52-week low of $10.19 and a 52-week high of $21.06. The firm has a fifty day moving average of $14.93 and a 200 day moving average of $13.47. The company has a market cap of $571.05 million, a PE ratio of -11.84 and a beta of 0.63.

Institutional Investors Weigh In On Varex Imaging

A number of large investors have recently modified their holdings of VREX. Barclays PLC lifted its position in Varex Imaging by 15.3% in the third quarter. Barclays PLC now owns 97,883 shares of the company’s stock valued at $1,166,000 after acquiring an additional 12,966 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Varex Imaging by 0.5% during the third quarter. Geode Capital Management LLC now owns 929,004 shares of the company’s stock worth $11,076,000 after purchasing an additional 4,211 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Varex Imaging by 3,650.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,251 shares of the company’s stock valued at $420,000 after purchasing an additional 34,311 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Varex Imaging in the 3rd quarter valued at about $204,000. Finally, XTX Topco Ltd purchased a new position in Varex Imaging during the 3rd quarter worth approximately $785,000.

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.