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

NVDQ has been the subject of several analyst reports. Zacks Investment Research downgraded Novadaq Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 target price on shares of Novadaq Technologies in a research report on Thursday, July 28th. Northland Securities reaffirmed an “underperform” rating and issued a $7.00 target price on shares of Novadaq Technologies in a research report on Thursday, July 7th. Feltl & Co. raised Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 28th. Finally, JMP Securities initiated coverage on Novadaq Technologies in a research report on Wednesday, June 1st. They issued a “mkt outperform” rating for the company. Two analysts have rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the stock. Novadaq Technologies currently has a consensus rating of “Buy” and an average price target of $13.42.

The stock’s market cap is $615.13 million. The stock’s 50 day moving average is $9.52 and its 200 day moving average is $10.24.

Novadaq Technologies (NASDAQ:NVDQ) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.15. The business had revenue of $20.12 million for the quarter, compared to analysts’ expectations of $19.97 million. During the same period last year, the company posted ($0.22) EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities analysts expect that Novadaq Technologies Inc. will post ($0.69) EPS for the current fiscal year.

An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC raised its position 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 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 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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