Novadaq Technologies Inc. (NVDQ) Shares Up 16.6%
Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) shot up 16.6% on Thursday . The company traded as high as $10.92 and last traded at $10.30, with a volume of 1,421,957 shares traded. The stock had previously closed at $8.83.
A number of research firms recently weighed in on NVDQ. Feltl & Co. upgraded Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded Novadaq Technologies from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Wednesday, July 20th. Canaccord Genuity restated a “buy” rating and issued a $15.00 target price on shares of Novadaq Technologies in a research report on Thursday, July 7th. Northland Securities restated an “underperform” rating and issued a $7.00 target price on shares of Novadaq Technologies in a research report on Thursday, July 7th. Finally, JMP Securities began coverage on Novadaq Technologies in a research report on Wednesday, June 1st. They issued a “mkt outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Novadaq Technologies currently has a consensus rating of “Buy” and a consensus price target of $13.42.
The company’s market cap is $589.24 million. The company has a 50-day moving average price of $9.46 and a 200 day moving average price of $10.32.
Novadaq Technologies (NASDAQ:NVDQ) last released its earnings results on Wednesday, July 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.15. During the same period in the prior year, the company earned ($0.22) EPS. The company earned $20.12 million during the quarter, compared to analysts’ expectations of $19.97 million. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities analysts predict that Novadaq Technologies Inc. will post ($0.49) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC raised its stake in Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 5.62% of Novadaq Technologies worth $40,270,000 at the end of the most recent reporting period.
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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