26,201 Shares in Varex Imaging Co. (NASDAQ:VREX) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 26,201 shares of the company’s stock, valued at approximately $312,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Varex Imaging as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Varex Imaging in the second quarter valued at approximately $26,000. Canada Pension Plan Investment Board bought a new stake in Varex Imaging during the second quarter worth $38,000. Quest Partners LLC purchased a new stake in Varex Imaging in the 3rd quarter valued at $41,000. CWM LLC lifted its stake in 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 acquiring an additional 9,203 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Varex Imaging during the 1st quarter worth $207,000.

Wall Street Analysts Forecast Growth

VREX has been the subject of several analyst reports. B. Riley assumed coverage on shares of Varex Imaging in a report on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Wednesday.

Varex Imaging Stock Performance

Shares of Varex Imaging stock opened at $16.68 on Friday. The business’s fifty day simple moving average is $13.24 and its 200 day simple moving average is $13.51. 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 Co. has a 12 month low of $10.19 and a 12 month high of $21.50. The firm has a market capitalization of $685.55 million, a P/E ratio of -14.26 and a beta of 0.53.

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.