Varex Imaging (NASDAQ:VREX) insider Sunny Sanyal sold 50,000 shares of Varex Imaging stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $36.50, for a total transaction of $1,825,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Varex Imaging (NASDAQ VREX) traded down $0.14 during mid-day trading on Monday, reaching $36.72. 178,200 shares of the company traded hands, compared to its average volume of 436,351. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.72 and a current ratio of 3.26. Varex Imaging has a 12 month low of $25.00 and a 12 month high of $37.15.
Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The business had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $213.73 million. Varex Imaging’s revenue for the quarter was up 25.5% compared to the same quarter last year. sell-side analysts anticipate that Varex Imaging will post 1.82 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VREX. BlackRock Inc. purchased a new position in Varex Imaging in the second quarter worth $156,842,000. Vanguard Group Inc. purchased a new position in Varex Imaging in the second quarter worth $116,560,000. QV Investors Inc. purchased a new position in Varex Imaging in the second quarter worth $59,839,000. First Eagle Investment Management LLC purchased a new position in Varex Imaging in the second quarter worth $59,452,000. Finally, Alecta Pensionsforsakring Omsesidigt purchased a new position in Varex Imaging in the third quarter worth $50,596,000. 96.37% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Varex Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co lowered shares of Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Jefferies Group LLC lifted their price objective on shares of Varex Imaging to $39.00 and gave the company a “buy” rating in a report on Friday, November 10th.
About Varex Imaging
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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