Avinger (NASDAQ:AVGR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Avinger (NASDAQ:AVGR) in a report released on Wednesday morning. The firm issued a hold rating on the medical device company’s stock.

Avinger Price Performance

Shares of Avinger stock opened at $0.47 on Wednesday. Avinger has a 1-year low of $0.36 and a 1-year high of $4.37. The business’s fifty day moving average price is $0.50 and its two-hundred day moving average price is $0.73. The company has a market capitalization of $1.57 million, a P/E ratio of -0.04 and a beta of 1.09.

Avinger Company Profile

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) primarily in the United States and Germany. The company develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.