Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) saw strong trading volume on Thursday . 608,901 shares were traded during trading, an increase of 82% from the previous session’s volume of 334,395 shares.The stock last traded at $11.86 and had previously closed at $11.77.

Several equities analysts have recently commented on the company. JMP Securities assumed coverage on Novadaq Technologies in a report on Wednesday, June 1st. They set a “mkt outperform” rating for the company. Zacks Investment Research lowered Novadaq Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 28th. Northland Securities reissued an “underperform” rating and issued a $7.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 7th. Finally, Feltl & Co. raised Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.42.

The stock’s 50-day moving average price is $9.95 and its 200 day moving average price is $10.24. The stock’s market capitalization is $674.29 million.

Novadaq Technologies (NASDAQ:NVDQ) last released its earnings results on Wednesday, July 27th. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. During the same period in the previous year, the firm posted ($0.22) EPS. The company had revenue of $20.12 million for the quarter, compared to analyst estimates of $19.97 million. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities research analysts predict that Novadaq Technologies Inc. will post ($0.73) earnings per share for the current year.

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