Varex Imaging (NASDAQ:VREX) Rating Lowered to “Hold” at StockNews.com

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

Varex Imaging Price Performance

VREX opened at $13.37 on Thursday. The firm has a market capitalization of $551.26 million, a PE ratio of -11.43 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. The business’s 50-day moving average is $14.93 and its two-hundred day moving average is $13.47. Varex Imaging has a 1 year low of $10.19 and a 1 year high of $21.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Varex Imaging in the second quarter worth about $38,000. Quest Partners LLC acquired a new stake in shares of Varex Imaging during the third quarter worth $41,000. CWM LLC grew its holdings in shares of Varex Imaging by 2,384.2% during the third quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after buying an additional 9,203 shares during the last quarter. Inspire Advisors LLC increased its holdings in shares of Varex Imaging by 29.8% in the third quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after purchasing an additional 3,245 shares during the period. Finally, Natixis Advisors LLC acquired a new position in Varex Imaging in the 2nd quarter worth approximately $210,000.

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.