Novadaq Technologies (NVDQ) Releases Quarterly Earnings Results
Novadaq Technologies (NASDAQ:NVDQ) posted its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03, Analyst Ratings Network.com reports. The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $10.37 million. The company’s revenue for the quarter was up 57.4% on a year-over-year basis.
A number of analysts have recently weighed in on NVDQ shares. Analysts at Zacks downgraded shares of Novadaq Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $20.60 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of Novadaq Technologies in a research note to investors on Friday, November 15th. They set an “outperform” rating and a $2.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.88.
Shares of Novadaq Technologies (NASDAQ:NVDQ) opened at 18.42 on Thursday. Novadaq Technologies has a one year low of $8.53 and a one year high of $21.31. The stock has a 50-day moving average of $17.72 and a 200-day moving average of $16.06. The company’s market cap is $895.6 million.
Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.
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