Varex Imaging Co. (NASDAQ:VREX) SVP Kimberley E. Honeysett Sells 4,007 Shares

Varex Imaging Co. (NASDAQ:VREX) SVP Kimberley E. Honeysett sold 4,007 shares of Varex Imaging stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $12.81, for a total transaction of $51,329.67. Following the completion of the transaction, the senior vice president now owns 4,002 shares in the company, valued at approximately $51,265.62. This trade represents a 50.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Varex Imaging Price Performance

NASDAQ:VREX traded down $0.29 during trading hours on Friday, reaching $12.57. The company had a trading volume of 397,419 shares, compared to its average volume of 526,012. The firm has a market capitalization of $517.88 million, a PE ratio of -10.74 and a beta of 0.56. Varex Imaging Co. has a one year low of $10.19 and a one year high of $18.30. The stock has a 50-day moving average of $13.29 and a two-hundred day moving average of $13.41. The company has a quick ratio of 2.50, a current ratio of 4.36 and a debt-to-equity ratio of 1.02.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 4.00%. Analysts forecast that Varex Imaging Co. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in shares of Varex Imaging during the fourth quarter valued at $25,000. Quadrant Capital Group LLC grew its position in shares of 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 buying an additional 1,520 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Varex Imaging during the fourth quarter worth approximately $48,000. Quest Partners LLC acquired a new position in Varex Imaging in the third quarter valued at approximately $41,000. Finally, KLP Kapitalforvaltning AS bought a new position in Varex Imaging in the fourth quarter valued at approximately $98,000.

Wall Street Analyst Weigh In

VREX has been the subject of several recent analyst reports. Oppenheimer decreased their target price on Varex Imaging from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. StockNews.com raised shares of Varex Imaging from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Varex Imaging in a research report on Friday, February 7th.

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.