Point72 Asia Singapore Pte. Ltd. Takes Position in Varex Imaging Co. (NASDAQ:VREX)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 65,292 shares of the company’s stock, valued at approximately $778,000.

Several other institutional investors have also made changes to their positions in VREX. Innealta Capital LLC acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at about $26,000. Canada Pension Plan Investment Board acquired a new stake in shares of Varex Imaging during the 2nd quarter valued at about $38,000. Quest Partners LLC acquired a new stake in shares of Varex Imaging during the 3rd quarter valued at about $41,000. CWM LLC lifted its holdings in shares of Varex Imaging by 2,384.2% during the 3rd quarter. CWM LLC now owns 9,589 shares of the company’s stock valued at $114,000 after buying an additional 9,203 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in shares of Varex Imaging by 29.8% during the 3rd quarter. Inspire Advisors LLC now owns 14,149 shares of the company’s stock valued at $169,000 after buying an additional 3,245 shares during the last quarter.

Varex Imaging Stock Up 0.9 %

VREX opened at $16.68 on Monday. The business has a 50 day moving average price of $13.24 and a 200 day moving average price of $13.50. Varex Imaging Co. has a twelve month low of $10.19 and a twelve month high of $21.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 3.32. The firm has a market cap of $685.55 million, a P/E ratio of -14.26 and a beta of 0.53.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. B. Riley assumed coverage on Varex Imaging in a report on Friday, August 23rd. They set a “buy” rating and a $21.00 price target for the company. StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th.

About Varex Imaging

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.