StockNews.com Initiates Coverage on Avinger (NASDAQ:AVGR)

StockNews.com started coverage on shares of Avinger (NASDAQ:AVGR) in a research note published on Monday morning. The firm issued a hold rating on the medical device company’s stock.

Avinger Stock Performance

AVGR opened at $0.47 on Monday. Avinger has a 1-year low of $0.36 and a 1-year high of $4.37. The company has a market cap of $1.57 million, a price-to-earnings ratio of -0.04 and a beta of 1.09. The company’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.79.

About Avinger

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.