Hanger (OTCMKTS:HNGR) Downgraded by Zacks Investment Research

Hanger (OTCMKTS:HNGR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, May 9th.

According to Zacks, “Hanger, Inc. delivers orthotic and prosthetic patient care, and distributes O&P products and rehabilitative solutions. The company’s products & services segment provides Hanger distributes branded and private label O&P devices, products and components and provides rehabilitative solutions. Hanger Inc., formerly known as Hanger Orthoped, is based in AUSTIN, Texas. “

Several other brokerages also recently issued reports on HNGR. ValuEngine raised Hanger from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Stephens set a $17.00 price target on Hanger and gave the company a “hold” rating in a research report on Monday, January 22nd.

Hanger traded up $0.99, reaching $19.00, during mid-day trading on Wednesday, according to Marketbeat.com. 8,741 shares of the company’s stock traded hands, compared to its average volume of 81,845. Hanger has a 1-year low of $10.87 and a 1-year high of $19.50.

Hanger Company Profile

Hanger, Inc provides orthotic and prosthetic (O&P) patient care services; and distributes O&P devices, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates in two segments, Patient Care and Products & Services.

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