IRIDEX (NASDAQ:IRIX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of IRIDEX (NASDAQ:IRIX) in a report published on Thursday. The firm issued a hold rating on the medical equipment provider’s stock.

IRIDEX Price Performance

IRIX opened at $1.71 on Thursday. The company has a current ratio of 1.54, a quick ratio of 0.85 and a debt-to-equity ratio of 0.55. The company has a market cap of $28.45 million, a price-to-earnings ratio of -2.55 and a beta of 0.81. The stock has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $1.86. IRIDEX has a 12-month low of $1.27 and a 12-month high of $3.65.

IRIDEX (NASDAQ:IRIX) last issued its quarterly earnings results on Tuesday, November 12th. The medical equipment provider reported ($0.12) earnings per share (EPS) for the quarter. IRIDEX had a negative net margin of 22.79% and a negative return on equity of 192.95%. The business had revenue of $11.58 million for the quarter. During the same period in the prior year, the business posted ($0.11) earnings per share.

IRIDEX Company Profile

IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments.