Varex Imaging (NASDAQ:VREX) Stock Rating Lowered by StockNews.com

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

Varex Imaging Stock Performance

VREX opened at $13.74 on Thursday. 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 has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $13.40. Varex Imaging has a 1 year low of $10.19 and a 1 year high of $19.91. The company has a market capitalization of $566.50 million, a PE ratio of -11.74 and a beta of 0.63.

Institutional Trading of Varex Imaging

A number of institutional investors have recently bought and sold shares of VREX. New York State Common Retirement Fund increased its holdings in shares of Varex Imaging by 60.7% during the fourth quarter. New York State Common Retirement Fund now owns 9,531 shares of the company’s stock worth $139,000 after purchasing an additional 3,600 shares during the period. Rice Hall James & Associates LLC increased its stake in Varex Imaging by 240.7% during the 4th quarter. Rice Hall James & Associates LLC now owns 328,692 shares of the company’s stock worth $4,796,000 after acquiring an additional 232,229 shares during the period. Principal Financial Group Inc. raised its holdings in Varex Imaging by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 41,144 shares of the company’s stock valued at $600,000 after acquiring an additional 3,914 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Varex Imaging during the 4th quarter valued at $237,000. Finally, Empowered Funds LLC grew its holdings in shares of Varex Imaging by 5.1% during the 4th quarter. Empowered Funds LLC now owns 166,977 shares of the company’s stock worth $2,436,000 after purchasing an additional 8,104 shares in the last quarter.

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.