Harbor Capital Advisors Inc. increased its position in shares of Varex Imaging Co. (NASDAQ:VREX – Free Report) by 287.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 165,103 shares of the company’s stock after acquiring an additional 122,488 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Varex Imaging were worth $2,432,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC purchased a new position in Varex Imaging during the fourth quarter worth about $30,000. GAMMA Investing LLC purchased a new stake in shares of Varex Imaging during the 4th quarter valued at approximately $53,000. Pacific Center for Financial Services acquired a new position in Varex Imaging in the first quarter valued at approximately $94,000. Inspire Advisors LLC purchased a new position in Varex Imaging in the first quarter worth approximately $184,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Varex Imaging during the first quarter worth $207,000.
Varex Imaging Trading Down 0.4 %
Shares of NASDAQ:VREX traded down $0.05 during mid-day trading on Wednesday, reaching $11.60. 408,199 shares of the company were exchanged, compared to its average volume of 403,935. Varex Imaging Co. has a 1 year low of $11.46 and a 1 year high of $22.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.23 and a quick ratio of 2.37. The firm’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $16.32. The firm has a market cap of $474.44 million, a price-to-earnings ratio of 13.20, a P/E/G ratio of 2.85 and a beta of 0.59.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.
Check Out Our Latest Stock Analysis on VREX
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.
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