Varex Imaging Corp (NASDAQ:VREX) CEO Sunny Sanyal purchased 7,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average cost of $28.18 per share, with a total value of $197,260.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Varex Imaging stock traded up $0.28 on Monday, reaching $28.57. 250,900 shares of the stock were exchanged, compared to its average volume of 267,505. Varex Imaging Corp has a one year low of $27.31 and a one year high of $43.76. The company has a current ratio of 3.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.07 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.13 and a beta of 2.30.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.17). The firm had revenue of $191.20 million for the quarter, compared to the consensus estimate of $196.88 million. Varex Imaging had a return on equity of 15.16% and a net margin of 5.39%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. research analysts forecast that Varex Imaging Corp will post 1.33 earnings per share for the current year.

A number of analysts have recently weighed in on VREX shares. ValuEngine downgraded shares of Varex Imaging from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Jefferies Financial Group cut their price target on shares of Varex Imaging to $33.00 and set a “buy” rating for the company in a report on Friday, August 3rd. Zacks Investment Research raised shares of Varex Imaging from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Wednesday, May 9th. Finally, Sidoti started coverage on shares of Varex Imaging in a report on Thursday, April 19th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Varex Imaging currently has an average rating of “Hold” and an average target price of $35.67.

A number of hedge funds have recently added to or reduced their stakes in VREX. Dubuque Bank & Trust Co. acquired a new position in Varex Imaging during the 1st quarter worth approximately $155,000. Victory Capital Management Inc. acquired a new position in Varex Imaging during the 1st quarter worth approximately $211,000. Xact Kapitalforvaltning AB acquired a new position in Varex Imaging during the 4th quarter worth approximately $218,000. Amalgamated Bank acquired a new position in Varex Imaging during the 2nd quarter worth approximately $231,000. Finally, Profund Advisors LLC increased its position in Varex Imaging by 32.3% during the 1st quarter. Profund Advisors LLC now owns 7,545 shares of the company’s stock worth $270,000 after purchasing an additional 1,843 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

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.

Read More: Analyst Ratings

Insider Buying and Selling by Quarter for Varex Imaging (NASDAQ:VREX)

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.