Varex Imaging (NASDAQ:VREX) Stock Rating Upgraded by StockNews.com

Varex Imaging (NASDAQ:VREX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Varex Imaging Stock Performance

Shares of Varex Imaging stock traded down $0.03 during trading on Wednesday, reaching $13.88. The company’s stock had a trading volume of 414,408 shares, compared to its average volume of 388,416. The business’s fifty day moving average price is $14.86 and its 200-day moving average price is $13.41. Varex Imaging has a one year low of $10.19 and a one year high of $20.27. The firm has a market cap of $572.27 million, a price-to-earnings ratio of -11.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in shares of Varex Imaging during the 2nd quarter worth about $38,000. Quest Partners LLC bought a new position in shares of Varex Imaging during the third quarter worth $41,000. CWM LLC grew 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 buying an additional 9,203 shares during the period. Inspire Advisors LLC increased its position in shares of Varex Imaging by 29.8% in the 3rd 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. Finally, Intech Investment Management LLC raised its stake in Varex Imaging by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after buying an additional 1,959 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.