Avinger (NASDAQ:AVGR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Avinger (NASDAQ:AVGR) in a research note published on Friday morning. The brokerage issued a hold rating on the medical device company’s stock.

Avinger Stock Performance

Shares of Avinger stock opened at $0.47 on Friday. The company has a market capitalization of $1.57 million, a P/E ratio of -0.04 and a beta of 1.09. The stock has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $0.68. Avinger has a 12-month low of $0.36 and a 12-month high of $4.25.

Avinger Company Profile

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) primarily in the United States and Germany. The company develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.