Varex Imaging Co. (NASDAQ:VREX - Get Free Report) SVP Kimberley E. Honeysett sold 4,007 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $12.81, for a total value of $51,329.67. Following the transaction, the senior vice president now owns 4,002 shares in the company, valued at $51,265.62. This trade represents a 50.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Varex Imaging Stock Down 2.3 %
Shares of Varex Imaging stock opened at $12.57 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. Varex Imaging Co. has a 52-week low of $10.19 and a 52-week high of $18.30. The stock has a market capitalization of $517.88 million, a price-to-earnings ratio of -10.74 and a beta of 0.56. The company's 50 day moving average price is $13.28 and its 200-day moving average price is $13.41.
Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Equities research analysts forecast that Varex Imaging Co. will post 0.53 EPS for the current year.
Analyst Upgrades and Downgrades
VREX has been the topic of a number of recent research reports. B. Riley reiterated a "buy" rating and set a $22.00 price target (up from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. StockNews.com raised shares of Varex Imaging from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Oppenheimer reduced their price objective on Varex Imaging from $30.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th.
Get Our Latest Report on VREX
Institutional Trading of Varex Imaging
Large investors have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new stake in shares of Varex Imaging in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its holdings in Varex Imaging by 115.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company's stock valued at $41,000 after acquiring an additional 1,520 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Varex Imaging in the fourth quarter valued at $48,000. Quest Partners LLC bought a new stake in Varex Imaging in the third quarter valued at $41,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Varex Imaging in the fourth quarter valued at $98,000.
About Varex Imaging
(
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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.
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