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Volcano (NASDAQ:VOLC)’s share price hit a new 52-week low during mid-day trading on Friday after Oppenheimer downgraded the stock from an outperform rating to a market perform rating, Analyst Ratings.Net reports. Oppenheimer now has a $15.00 price target on the stock, down from their previous price target of $22.00. Volcano traded as low as $11.54 and last traded at $11.76, with a volume of 4,404,784 shares changing hands. The stock had previously closed at $15.78.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Volcano from $24.00 to $20.00 in a research note on Friday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Volcano presently has an average rating of “Hold” and an average price target of $21.30.

The stock has a 50-day moving average of $16.86 and a 200-day moving average of $18.97. The company’s market cap is $610.6 million.

Volcano (NASDAQ:VOLC) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.06. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $103.14 million. During the same quarter last year, the company posted $0.03 earnings per share. Volcano’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Volcano will post $-0.19 earnings per share 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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