Insider Selling: Varex Imaging Co. (NASDAQ:VREX) SVP Sells 2,578 Shares of Stock

Varex Imaging Co. (NASDAQ:VREX) SVP Kimberley E. Honeysett sold 2,578 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.53, for a total value of $32,302.34. Following the completion of the transaction, the senior vice president now directly owns 275 shares of the company’s stock, valued at $3,445.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Varex Imaging Stock Down 1.8 %

VREX traded down $0.23 during trading on Wednesday, hitting $12.21. The company had a trading volume of 265,484 shares, compared to its average volume of 407,843. The company has a market capitalization of $499.39 million, a PE ratio of 13.98 and a beta of 0.59. The company has a quick ratio of 1.89, a current ratio of 3.34 and a debt-to-equity ratio of 0.67. Varex Imaging Co. has a one year low of $10.72 and a one year high of $21.50. The firm’s 50-day moving average price is $13.93 and its 200 day moving average price is $15.77.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $209.00 million during the quarter, compared to the consensus estimate of $209.50 million. Varex Imaging had a net margin of 4.11% and a return on equity of 6.11%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. As a group, equities analysts expect that Varex Imaging Co. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Varex Imaging

A number of large investors have recently bought and sold shares of VREX. Illinois Municipal Retirement Fund raised its holdings in shares of Varex Imaging by 3.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 24,105 shares of the company’s stock valued at $494,000 after purchasing an additional 832 shares during the last quarter. Quest Partners LLC bought a new position in Varex Imaging in the fourth quarter valued at $30,000. Innealta Capital LLC acquired a new stake in Varex Imaging in the 2nd quarter valued at $26,000. Isthmus Partners LLC increased its stake in Varex Imaging by 1.2% in the 2nd quarter. Isthmus Partners LLC now owns 172,022 shares of the company’s stock valued at $2,534,000 after buying an additional 2,058 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Varex Imaging by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 359,937 shares of the company’s stock worth $5,302,000 after buying an additional 2,250 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

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.