Varex Imaging Co. (NASDAQ:VREX) Short Interest Update

Varex Imaging Co. (NASDAQ:VREX) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,770,000 shares, a growth of 18.0% from the September 30th total of 1,500,000 shares. Based on an average daily trading volume, of 675,800 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on Varex Imaging in a report on Friday, August 23rd. They set a “buy” rating and a $21.00 target price on the stock.

Insider Buying and Selling at Varex Imaging

In related news, CFO Shubham Maheshwari purchased 9,007 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $10.98 per share, for a total transaction of $98,896.86. Following the completion of the acquisition, the chief financial officer now owns 46,063 shares of the company’s stock, valued at approximately $505,771.74. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Shubham Maheshwari acquired 9,007 shares of Varex Imaging stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $98,896.86. Following the transaction, the chief financial officer now directly owns 46,063 shares of the company’s stock, valued at approximately $505,771.74. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kimberley E. Honeysett sold 2,578 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now owns 275 shares of the company’s stock, valued at $3,445.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Varex Imaging

Several large investors have recently modified their holdings of VREX. Creative Planning lifted its position in shares of Varex Imaging by 9.2% during the 3rd quarter. Creative Planning now owns 19,644 shares of the company’s stock valued at $234,000 after acquiring an additional 1,654 shares during the period. Innealta Capital LLC bought a new stake in Varex Imaging in the second quarter valued at $26,000. Isthmus Partners LLC raised its holdings in shares of Varex Imaging by 1.2% during the second quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock valued at $2,534,000 after purchasing an additional 2,058 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Varex Imaging by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock worth $5,302,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Varex Imaging in the 2nd quarter valued at about $38,000.

Varex Imaging Stock Up 1.2 %

Shares of NASDAQ VREX opened at $13.31 on Wednesday. The company’s 50 day moving average price is $11.81 and its 200-day moving average price is $13.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.89 and a current ratio of 3.34. Varex Imaging has a 52-week low of $10.19 and a 52-week high of $21.50. The company has a market capitalization of $544.38 million, a P/E ratio of 14.96 and a beta of 0.55.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The firm had revenue of $209.00 million for the quarter, compared to the consensus estimate of $209.50 million. During the same period last year, the company posted $0.37 EPS. The business’s revenue was down 10.0% compared to the same quarter last year. Equities analysts forecast that Varex Imaging will post 0.46 earnings per share for the current year.

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.