Novadaq Technologies Sees Strong Trading Volume on Analyst Upgrade (NVDQ)
Novadaq Technologies (NASDAQ:NVDQ) shares saw strong trading volume on Monday after Canaccord Genuity raised their price target on the stock from $23.00 to $26.00, Analyst Ratings Network.com reports. Canaccord Genuity currently has a buy rating on the stock. 732,739 shares traded hands during trading, an increase of 67% from the previous session’s volume of 438,818 shares.The stock last traded at $18.55 and had previously closed at $20.81.
Separately, analysts at Zacks downgraded shares of Novadaq Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $20.60 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.14.
The stock has a 50-day moving average of $21. and a 200-day moving average of $18.1. The company’s market cap is $1.020 billion.
Novadaq Technologies (NASDAQ:NVDQ) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.03. The company had revenue of $10.70 million for the quarter, compared to the consensus estimate of $10.37 million. The company’s quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts predict that Novadaq Technologies will post $-0.15 earnings per share for the current fiscal year.
Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.
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