Sunny Sanyal Sells 8,749 Shares of Varex Imaging Co. (NASDAQ:VREX) Stock

Varex Imaging Co. (NASDAQ:VREX) CEO Sunny Sanyal sold 8,749 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $11.24, for a total transaction of $98,338.76. Following the transaction, the chief executive officer now owns 190,193 shares of the company’s stock, valued at approximately $2,137,769.32. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Varex Imaging Price Performance

Shares of Varex Imaging stock opened at $8.28 on Friday. Varex Imaging Co. has a twelve month low of $7.77 and a twelve month high of $18.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.50 and a current ratio of 4.36. The firm’s 50-day simple moving average is $12.80 and its 200-day simple moving average is $13.40. The firm has a market cap of $341.14 million, a P/E ratio of -7.08 and a beta of 0.65.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Varex Imaging had a positive return on equity of 4.00% and a negative net margin of 5.79%. As a group, research analysts expect that Varex Imaging Co. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Oppenheimer cut their price objective on shares of Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. B. Riley reiterated a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th. Finally, StockNews.com upgraded Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th.

Hedge Funds Weigh In On Varex Imaging

Several institutional investors have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new stake in Varex Imaging during the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its position in Varex Imaging by 115.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,837 shares of the company’s stock worth $41,000 after acquiring an additional 1,520 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Varex Imaging during the 4th quarter valued at $48,000. KLP Kapitalforvaltning AS acquired a new stake in Varex Imaging during the 4th quarter valued at $98,000. Finally, US Bancorp DE raised its position in Varex Imaging by 149.8% in the 4th quarter. US Bancorp DE now owns 7,386 shares of the company’s stock valued at $108,000 after purchasing an additional 4,429 shares during the last quarter.

Varex Imaging Company Profile

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.