Novadaq Technologies Inc. (NASDAQ:NVDQ)’s share price was down 3.5% during trading on Wednesday . The company traded as low as $11.39 and last traded at $11.43, with a volume of 137,957 shares. The stock had previously closed at $11.84.

A number of equities research analysts have recently issued reports on NVDQ shares. Zacks Investment Research raised shares of Novadaq Technologies from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, April 20th. JMP Securities started coverage on shares of Novadaq Technologies in a research note on Wednesday, June 1st. They issued a “mkt outperform” rating for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a research note on Wednesday, June 8th. Northland Securities reaffirmed an “underperform” rating and issued a $7.00 price objective on shares of Novadaq Technologies in a research note on Thursday, July 7th. Finally, Feltl & Co. raised shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. 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 presently has a consensus rating of “Buy” and an average price target of $13.42.

The stock’s market capitalization is $676.01 million. The company’s 50 day moving average price is $9.83 and its 200-day moving average price is $10.22.

Novadaq Technologies (NASDAQ:NVDQ) last released its 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. During the same quarter last year, the firm posted ($0.22) EPS. The business had revenue of $20.12 million for the quarter, compared to the consensus estimate of $19.97 million. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities research analysts anticipate that Novadaq Technologies Inc. will post ($0.73) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC boosted its position in Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, according to its most recent 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 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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