Avinger (NASDAQ:AVGR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Avinger (NASDAQ:AVGR) in a report published on Wednesday. The firm issued a hold rating on the medical device company’s stock.

Avinger Price Performance

Shares of Avinger stock opened at $0.47 on Wednesday. Avinger has a twelve month low of $0.36 and a twelve month high of $4.37. The business has a 50-day moving average price of $0.51 and a 200-day moving average price of $0.74. The firm has a market cap of $1.57 million, a price-to-earnings ratio of -0.04 and a beta of 1.09.

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.