Sidoti assumed coverage on shares of Varex Imaging (NASDAQ:VREX) in a report issued on Thursday, The Fly reports. The firm issued a neutral rating on the stock.
Other research analysts have also issued research reports about the company. JPMorgan Chase upgraded Varex Imaging from an underweight rating to a neutral rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Varex Imaging from a sell rating to a hold rating in a research report on Saturday, April 7th.
VREX opened at $36.62 on Thursday. The stock has a market capitalization of $1,412.15, a P/E ratio of 22.53, a P/E/G ratio of 2.01 and a beta of 2.47. Varex Imaging has a 12 month low of $27.80 and a 12 month high of $43.76. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09.
In other Varex Imaging news, SVP Kimberley E. Honeysett sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $37.68, for a total transaction of $75,360.00. Following the completion of the transaction, the senior vice president now owns 916 shares in the company, valued at $34,514.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in VREX. Cooke & Bieler LP boosted its position in shares of Varex Imaging by 366.8% during the fourth quarter. Cooke & Bieler LP now owns 375,151 shares of the company’s stock valued at $15,070,000 after buying an additional 294,777 shares during the period. APG Asset Management N.V. boosted its position in shares of Varex Imaging by 324.1% during the fourth quarter. APG Asset Management N.V. now owns 335,024 shares of the company’s stock valued at $11,207,000 after buying an additional 256,024 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Varex Imaging by 92.4% during the third quarter. Dimensional Fund Advisors LP now owns 514,898 shares of the company’s stock valued at $17,424,000 after buying an additional 247,229 shares during the period. Renaissance Technologies LLC boosted its position in shares of Varex Imaging by 123.1% during the fourth quarter. Renaissance Technologies LLC now owns 431,500 shares of the company’s stock valued at $17,333,000 after buying an additional 238,100 shares during the period. Finally, Earnest Partners LLC purchased a new position in shares of Varex Imaging during the fourth quarter valued at approximately $7,832,000. Institutional investors and hedge funds own 94.50% of the company’s stock.
Varex Imaging Company Profile
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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