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Shares of Volcano (NASDAQ:VOLC) hit a new 52-week low during trading on Tuesday , American Banking News reports. The company traded as low as $16.46 and last traded at $16.50, with a volume of 690,778 shares changing hands. The stock had previously closed at $17.18.

Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald initiated coverage on shares of Volcano in a research note on Tuesday, June 24th. They set a “hold” rating and a $21.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Volcano in a research note on Wednesday, May 28th. They now have a $18.00 price target on the stock, down previously from $21.00. Finally, analysts at Feltl & Co. upgraded shares of Volcano from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.55.

The stock’s 50-day moving average is $17.92 and its 200-day moving average is $19.83. The company’s market cap is $842.9 million.

Volcano (NASDAQ:VOLC) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.01. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $94.69 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts expect that Volcano will post $-0.19 EPS for the current fiscal year.

Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.

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