Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) traded down 0.2% during mid-day trading on Friday . The company traded as low as $8.75 and last traded at $8.79, with a volume of 147,907 shares traded. The stock had previously closed at $8.81.

A number of analysts recently issued reports on the stock. JMP Securities assumed coverage on shares of Novadaq Technologies in a report on Wednesday, June 1st. They set a “mkt outperform” rating for the company. Zacks Investment Research upgraded shares of Novadaq Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, June 29th. Piper Jaffray Cos. restated a “buy” rating on shares of Novadaq Technologies in a report on Friday, March 11th. Northland Securities restated an “underperform” rating and set a $7.00 price objective on shares of Novadaq Technologies in a report on Thursday. Finally, Canaccord Genuity restated a “buy” rating and set a $15.00 price objective on shares of Novadaq Technologies in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $13.58.

The firm’s market cap is $505.97 million. The company’s 50 day moving average price is $9.83 and its 200 day moving average price is $10.72.

Novadaq Technologies (NASDAQ:NVDQ) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. During the same quarter in the prior year, the business earned ($0.20) earnings per share. The company earned $17.70 million during the quarter, compared to the consensus estimate of $17.49 million. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year. On average, equities analysts forecast that Novadaq Technologies Inc. will post ($0.50) earnings per share for the current year.

A hedge fund recently raised its stake in Novadaq Technologies stock. Jennison Associates LLC boosted its stake in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,160,930 shares of the company’s stock after buying an additional 234,115 shares during the period. Jennison Associates LLC owned about 5.62% of Novadaq Technologies worth $40,270,000 as of its most recent filing with the SEC.

Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room. The Company’s imaging platform can be used to visualize blood vessels, nerves and the lymphatic system during surgical procedures. The Company generates revenues from the sale of medical devices and consumables, capital devices or consumable products, the rental of capital devices, royalties, upfront payments received from partners for exclusive sales and marketing rights, and extended warranty services agreements in connection with capital sales.

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