Hanger (HNGR) Stock Rating Lowered by Zacks Investment Research

Hanger (OTCMKTS:HNGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “Hanger, Inc. delivers orthotic and prosthetic patient care, and distributes O&P products and rehabilitative solutions. The company’s products & services segment provides Hanger distributes branded and private label O&P devices, products and components and provides rehabilitative solutions. Hanger Inc., formerly known as Hanger Orthoped, is based in AUSTIN, Texas. “

Separately, ValuEngine lowered shares of Hanger from a “buy” rating to a “hold” rating in a report on Monday, August 13th.

HNGR stock opened at $19.57 on Thursday. The company has a debt-to-equity ratio of -14.28, a quick ratio of 1.41 and a current ratio of 1.86. Hanger has a 52 week low of $11.15 and a 52 week high of $24.50. The firm has a market cap of $875.26 million, a P/E ratio of 59.38, a price-to-earnings-growth ratio of 3.21 and a beta of 4.13.

Hanger (OTCMKTS:HNGR) last released its earnings results on Thursday, August 9th. The healthcare company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). The company had revenue of $266.97 million for the quarter, compared to the consensus estimate of $265.58 million. Research analysts expect that Hanger will post 0.74 earnings per share for the current year.

About Hanger

Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.

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