Avinger (NASDAQ:AVGR) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Avinger (NASDAQ:AVGR) in a report released on Tuesday morning. The brokerage issued a hold rating on the medical device company’s stock.

Avinger Trading Up 24.0 %

Shares of NASDAQ AVGR opened at $1.29 on Tuesday. Avinger has a twelve month low of $0.90 and a twelve month high of $6.55. The stock has a fifty day simple moving average of $1.15 and a 200-day simple moving average of $2.18. The stock has a market capitalization of $2.20 million, a PE ratio of -0.07 and a beta of 1.17.

Avinger (NASDAQ:AVGR) last released its earnings results on Thursday, August 8th. The medical device company reported ($2.82) EPS for the quarter, missing the consensus estimate of ($0.43) by ($2.39). The company had revenue of $1.85 million during the quarter, compared to analysts’ expectations of $2.55 million. On average, equities analysts predict that Avinger will post -4.69 earnings per share for the current year.

Institutional Trading of Avinger

An institutional investor recently bought a new position in Avinger stock. Armistice Capital LLC bought a new position in shares of Avinger, Inc. (NASDAQ:AVGR) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 43,747 shares of the medical device company’s stock, valued at approximately $81,000. Armistice Capital LLC owned 2.57% of Avinger at the end of the most recent quarter. Institutional investors own 18.30% of the company’s stock.

Avinger Company Profile

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) primarily in the United States and Germany. The company develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.