Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) traded down 5% on Tuesday . The company traded as low as $10.37 and last traded at $10.37, with a volume of 141,355 shares trading hands. The stock had previously closed at $10.92.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Novadaq Technologies from a “buy” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity restated a “buy” rating and issued a $15.00 price target on shares of Novadaq Technologies in a research note on Thursday, July 28th. Feltl & Co. upgraded Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Northland Securities restated an “underperform” rating and issued a $7.00 price target on shares of Novadaq Technologies in a research note on Thursday, July 7th. Finally, JMP Securities assumed coverage on Novadaq Technologies in a research note on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.42.

The company has a 50 day moving average price of $9.46 and a 200-day moving average price of $10.24. The stock’s market cap is $607.66 million.

Novadaq Technologies (NASDAQ:NVDQ) last issued its quarterly 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. The firm earned $20.12 million during the quarter, compared to the consensus estimate of $19.97 million. During the same quarter in the previous year, the business posted ($0.22) EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Analysts predict that Novadaq Technologies Inc. will post ($0.67) EPS for the current year.

An institutional investor recently raised its position 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, according to its most recent 13F filing with the SEC. The fund 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 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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