Varex Imaging Corp (NASDAQ:VREX) insider Kevin Bruce Yankton sold 1,149 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.00, for a total transaction of $35,619.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kevin Bruce Yankton also recently made the following trade(s):
- On Friday, July 5th, Kevin Bruce Yankton sold 268 shares of Varex Imaging stock. The stock was sold at an average price of $30.56, for a total transaction of $8,190.08.
VREX stock traded down $0.39 during midday trading on Tuesday, reaching $30.59. 106,292 shares of the company were exchanged, compared to its average volume of 292,224. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.13. The stock’s 50-day simple moving average is $29.17. Varex Imaging Corp has a one year low of $21.57 and a one year high of $39.39. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.26 and a beta of 1.80.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Varex Imaging had a net margin of 1.65% and a return on equity of 10.93%. The firm had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $194.76 million. During the same period in the previous year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts expect that Varex Imaging Corp will post 1.36 EPS for the current year.
A number of equities analysts recently weighed in on VREX shares. Northland Securities restated a “buy” rating and set a $42.00 target price on shares of Varex Imaging in a report on Wednesday, May 15th. CJS Securities upgraded shares of Varex Imaging from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research downgraded shares of Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Varex Imaging currently has an average rating of “Buy” and an average price target of $34.60.
Hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc boosted its position in Varex Imaging by 125.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,000 shares during the period. Public Employees Retirement System of Ohio boosted its position in Varex Imaging by 62.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,849 shares of the company’s stock worth $44,000 after purchasing an additional 712 shares during the period. Quadrant Capital Group LLC boosted its position in Varex Imaging by 478.6% during the first quarter. Quadrant Capital Group LLC now owns 1,678 shares of the company’s stock worth $55,000 after purchasing an additional 1,388 shares during the period. Advisor Group Inc. boosted its position in Varex Imaging by 35.5% during the fourth quarter. Advisor Group Inc. now owns 3,725 shares of the company’s stock worth $87,000 after purchasing an additional 975 shares during the period. Finally, Wealth Architects LLC bought a new stake in shares of Varex Imaging in the first quarter valued at about $206,000. 93.88% of the stock is owned by hedge funds and other institutional investors.
About Varex Imaging
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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