Novadaq Technologies Inc. (NASDAQ:NVDQ)’s share price rose 5.2% during mid-day trading on Tuesday . The company traded as high as $11.91 and last traded at $11.89, with a volume of 113,994 shares changing hands. The stock had previously closed at $11.30.

NVDQ has been the topic of a number of recent research reports. Feltl & Co. raised shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 target price on shares of Novadaq Technologies in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of Novadaq Technologies from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a report on Wednesday, July 20th. Northland Securities reiterated an “underperform” rating and issued a $7.00 target price on shares of Novadaq Technologies in a report on Thursday, July 7th. Finally, JMP Securities began coverage on shares of Novadaq Technologies in a report on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $13.42.

The company has a 50 day moving average price of $9.77 and a 200 day moving average price of $10.21. The company’s market cap is $676.30 million.

Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.15. The company had revenue of $20.12 million for the quarter, compared to analyst estimates of $19.97 million. Novadaq Technologies’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company posted ($0.22) EPS. Equities research analysts predict that Novadaq Technologies Inc. will post ($0.74) EPS for the current year.

A hedge fund recently raised its stake in Novadaq Technologies stock. Jennison Associates LLC boosted its position in shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 approximately 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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