Varex Imaging (NASDAQ:VREX) Downgraded by StockNews.com to Hold

Varex Imaging (NASDAQ:VREX) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Varex Imaging Trading Up 1.1 %

VREX opened at $13.60 on Thursday. The company has a quick ratio of 1.97, a current ratio of 3.32 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average is $14.85 and its two-hundred day moving average is $13.39. The company has a market capitalization of $560.74 million, a P/E ratio of -11.62 and a beta of 0.63. Varex Imaging has a 52 week low of $10.19 and a 52 week high of $19.91.

Institutional Investors Weigh In On Varex Imaging

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Varex Imaging by 13.1% in the second quarter. American Century Companies Inc. now owns 38,915 shares of the company’s stock worth $573,000 after buying an additional 4,509 shares in the last quarter. Sei Investments Co. raised its position in shares of Varex Imaging by 12.6% in the 2nd quarter. Sei Investments Co. now owns 47,863 shares of the company’s stock worth $705,000 after acquiring an additional 5,342 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Varex Imaging by 132.1% during the 2nd quarter. Squarepoint Ops LLC now owns 26,380 shares of the company’s stock worth $389,000 after purchasing an additional 15,014 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Varex Imaging during the second quarter valued at about $320,000. Finally, CWM LLC grew its stake in Varex Imaging by 2,384.2% in the third 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.

About Varex Imaging

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.