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

StockNews.com lowered shares of Varex Imaging (NASDAQ:VREX) from a buy rating to a hold rating in a report released on Thursday morning.

Varex Imaging Trading Down 2.3 %

Varex Imaging stock opened at $13.85 on Thursday. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72. Varex Imaging has a 12-month low of $10.19 and a 12-month high of $21.06. The firm has a market capitalization of $571.05 million, a price-to-earnings ratio of -11.84 and a beta of 0.63. The firm has a 50 day moving average of $14.93 and a 200 day moving average of $13.47.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of Varex Imaging in the second quarter valued at about $38,000. Quest Partners LLC bought a new stake in Varex Imaging in the 3rd quarter valued at $41,000. CWM LLC boosted its holdings in shares of Varex Imaging by 2,384.2% during the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after purchasing an additional 9,203 shares during the last quarter. Inspire Advisors LLC grew its position in shares of Varex Imaging by 29.8% during the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after purchasing an additional 3,245 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in shares of Varex Imaging in the second quarter worth about $210,000.

Varex Imaging Company Profile

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.