Novadaq Technologies Inc. (NASDAQ:NVDQ) saw unusually-strong trading volume on Thursday . Approximately 608,901 shares were traded during mid-day 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 research analysts have recently commented on NVDQ shares. Feltl & Co. upgraded Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 7th. Zacks Investment Research downgraded Novadaq Technologies from a “buy” rating to a “sell” rating in a report on Tuesday, August 2nd. Northland Securities reiterated an “underperform” rating and issued a $7.00 price objective on shares of Novadaq Technologies in a report on Thursday, July 7th. Finally, JMP Securities started coverage on Novadaq Technologies in a report on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. 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. The company has an average rating of “Buy” and an average target price of $13.42.

The stock’s market cap is $661.08 million. The firm’s 50 day moving average is $10.00 and its 200-day moving average is $10.24.

Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.15. During the same period in the previous year, the business earned ($0.22) earnings per share. The business had revenue of $20.12 million for the quarter, compared to analyst estimates of $19.97 million. The firm’s revenue was up 33.5% on a year-over-year basis. Equities analysts anticipate 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 disclosure with the Securities and Exchange Commission. 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 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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