Novadaq Technologies Inc. (NASDAQ:NVDQ)’s share price traded down 2% during trading on Monday . The company traded as low as $8.94 and last traded at $8.99, with a volume of 92,099 shares traded. The stock had previously closed at $9.17.

A number of equities analysts have recently issued reports on NVDQ shares. Zacks Investment Research upgraded shares of Novadaq Technologies from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday. JMP Securities started coverage on shares of Novadaq Technologies in a research note on Wednesday, June 1st. They set a “mkt outperform” rating on the stock. Northland Securities reiterated an “underperform” rating and set a $7.00 price objective on shares of Novadaq Technologies in a research note on Thursday, July 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $15.00 price objective on shares of Novadaq Technologies in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $13.42.

The stock’s market capitalization is $509.41 million. The firm’s 50 day moving average is $9.69 and its 200 day moving average is $10.50.

Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. During the same period last year, the firm posted ($0.20) earnings per share. The company earned $17.70 million during the quarter, compared to analysts’ expectations of $17.49 million. Novadaq Technologies’s revenue was up 51.3% on a year-over-year basis. Analysts anticipate that Novadaq Technologies Inc. will post ($0.50) EPS for the current year.

An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC increased its position in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 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.

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