Varex Imaging (NASDAQ:VREX) SVP Kimberley E. Honeysett sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $37.68, for a total transaction of $75,360.00. Following the completion of the transaction, the senior vice president now owns 916 shares of the company’s stock, valued at approximately $34,514.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Varex Imaging stock traded up $0.28 on Tuesday, hitting $37.89. The company had a trading volume of 127,514 shares, compared to its average volume of 247,811. The stock has a market capitalization of $1,409.13, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.00 and a beta of 2.43. Varex Imaging has a twelve month low of $27.80 and a twelve month high of $43.76. The company has a quick ratio of 1.60, a current ratio of 3.25 and a debt-to-equity ratio of 1.09.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.17). The company had revenue of $176.20 million during the quarter, compared to analyst estimates of $194.00 million. Varex Imaging had a net margin of 7.24% and a return on equity of 16.90%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. equities analysts anticipate that Varex Imaging will post 1.87 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Varex Imaging from a “sell” rating to a “hold” rating in a report on Saturday, April 7th. JPMorgan Chase upgraded shares of Varex Imaging from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 20th.
Several institutional investors have recently added to or reduced their stakes in VREX. Texas Yale Capital Corp. bought a new stake in shares of Varex Imaging in the fourth quarter worth $200,000. Welch & Forbes LLC bought a new stake in shares of Varex Imaging in the fourth quarter worth $205,000. Xact Kapitalforvaltning AB bought a new stake in shares of Varex Imaging in the fourth quarter worth $218,000. GHP Investment Advisors Inc. bought a new stake in shares of Varex Imaging in the fourth quarter worth $221,000. Finally, Amalgamated Bank bought a new stake in shares of Varex Imaging in the fourth quarter worth $222,000. Institutional investors own 94.50% of the company’s stock.
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Varex Imaging Company Profile
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 flat panel image 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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