Point72 DIFC Ltd Invests $261,000 in Varex Imaging Co. (NASDAQ:VREX)

Point72 DIFC Ltd purchased a new stake in shares of Varex Imaging Co. (NASDAQ:VREX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 21,872 shares of the company’s stock, valued at approximately $261,000. Point72 DIFC Ltd owned approximately 0.05% of Varex Imaging at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Varex Imaging by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 185,506 shares of the company’s stock valued at $2,211,000 after acquiring an additional 50,382 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in Varex Imaging in the third quarter valued at about $1,150,000. PDT Partners LLC acquired a new stake in Varex Imaging during the 3rd quarter valued at approximately $1,802,000. Deerfield Management Company L.P. Series C purchased a new stake in Varex Imaging during the 2nd quarter worth approximately $971,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Varex Imaging in the 3rd quarter valued at approximately $778,000.

Varex Imaging Price Performance

Shares of NASDAQ:VREX opened at $15.72 on Friday. The firm’s 50 day moving average is $13.69 and its two-hundred day moving average is $13.55. Varex Imaging Co. has a 52 week low of $10.19 and a 52 week high of $21.50. The firm has a market capitalization of $646.09 million, a P/E ratio of -13.44 and a beta of 0.60. The company has a current ratio of 3.32, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72.

Analyst Ratings Changes

VREX has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Varex Imaging from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. B. Riley initiated coverage on shares of Varex Imaging in a research report on Friday, August 23rd. They issued a “buy” rating and a $21.00 target price for the company.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.