Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) were up 16.6% on Thursday . The stock traded as high as $10.92 and last traded at $10.30, with a volume of 1,421,957 shares. The stock had previously closed at $8.83.

Several analysts have weighed in on NVDQ shares. Zacks Investment Research cut shares of Novadaq Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $15.00 price objective on shares of Novadaq Technologies in a research note on Thursday. Northland Securities reaffirmed an “underperform” rating and set a $7.00 price objective on shares of Novadaq Technologies in a research note on Thursday, July 7th. Feltl & Co. raised shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, JMP Securities assumed coverage on shares of Novadaq Technologies in a research note on Wednesday, June 1st. They set a “mkt outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Novadaq Technologies has a consensus rating of “Buy” and a consensus target price of $13.42.

The firm’s market cap is $612.21 million. The stock’s 50-day moving average price is $9.44 and its 200 day moving average price is $10.30.

Novadaq Technologies (NASDAQ:NVDQ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.14) by $0.15. During the same period last year, the business earned ($0.22) EPS. The business had revenue of $20.12 million for the quarter, compared to analyst estimates of $19.97 million. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts predict that Novadaq Technologies Inc. will post ($0.64) EPS for the current year.

A hedge fund recently raised its stake 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 disclosure with the SEC. 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 at the end of the most recent quarter.

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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