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

NVDQ has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a research note on Thursday, July 28th. Zacks Investment Research raised Novadaq Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, June 29th. JMP Securities initiated coverage on Novadaq Technologies in a research note on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. Feltl & Co. raised Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Finally, Northland Securities reaffirmed an “underperform” rating and set a $7.00 target price on shares of Novadaq Technologies in a research report on Thursday, July 7th. 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.42.

The company’s 50 day moving average is $9.90 and its 200 day moving average is $10.23. The firm’s market capitalization is $676.01 million.

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

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