Avinger (AVGR) Reaches New 52-Week Low at $0.57

Avinger Inc (NASDAQ:AVGR)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.57 and last traded at $0.62, with a volume of 29976 shares changing hands. The stock had previously closed at $0.78.

Separately, Zacks Investment Research raised Avinger from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th.

The company has a market cap of $9.01 million, a PE ratio of -0.01 and a beta of 0.86.

Avinger (NASDAQ:AVGR) last issued its quarterly earnings results on Monday, August 13th. The medical device company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.50). The firm had revenue of $2.06 million during the quarter. As a group, analysts expect that Avinger Inc will post -7.22 EPS for the current year.

About Avinger (NASDAQ:AVGR)

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. It 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.

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