Novadaq Technologies Inc (NVDQ) Stock Rating Upgraded by Zacks Investment Research
Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Novadaq Technologies Inc. develops, manufactures and markets real-time fluorescence imaging products for use in the operating room and other clinical settings. The company’s key markets include plastic reconstructive, gastrointestinal, cardiac and general surgery. It provides SPY imaging systems which enables surgeons to the visualize blood flow in vessels, co-joined vessels and micro-vessels. Novadaq Technologies Inc. is headquartered in Mississauga, Canada. “
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a $10.00 price objective on shares of Novadaq Technologies in a report on Monday, June 19th. Craig Hallum cut Novadaq Technologies from a “buy” rating to a “hold” rating and set a $11.75 price objective for the company. in a report on Monday, June 19th. First Analysis cut Novadaq Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 20th. Wedbush cut Novadaq Technologies from an “outperform” rating to a “neutral” rating in a report on Monday, June 19th. Finally, ValuEngine upgraded Novadaq Technologies from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.86.
Novadaq Technologies (NASDAQ NVDQ) opened at 11.56 on Friday. The stock has a 50 day moving average of $11.69 and a 200-day moving average of $8.61. The company’s market cap is $668.42 million. Novadaq Technologies has a 52-week low of $5.84 and a 52-week high of $12.74.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/20/novadaq-technologies-inc-nvdq-stock-rating-upgraded-by-zacks-investment-research.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Broadfin Capital LLC purchased a new position in Novadaq Technologies during the second quarter worth approximately $11,720,000. CNH Partners LLC purchased a new position in Novadaq Technologies during the second quarter worth approximately $7,340,000. State Street Corp boosted its position in Novadaq Technologies by 42.7% in the second quarter. State Street Corp now owns 38,678 shares of the medical research company’s stock worth $453,000 after buying an additional 11,578 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Novadaq Technologies during the second quarter worth approximately $32,663,000. Finally, Goldman Sachs Group Inc. boosted its position in Novadaq Technologies by 2,035.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,814,404 shares of the medical research company’s stock worth $21,265,000 after buying an additional 1,729,431 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.
Novadaq Technologies Company Profile
NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Novadaq Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novadaq Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.