Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) rose 2.1% during mid-day trading on Monday . The company traded as high as $11.80 and last traded at $11.75, with a volume of 132,680 shares traded. The stock had previously closed at $11.51.

NVDQ has been the topic of a number of research analyst reports. Zacks Investment Research lowered Novadaq Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. JMP Securities initiated coverage on Novadaq Technologies in a research note on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. 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 Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th. Two equities research 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. The stock presently has a consensus rating of “Buy” and an average target price of $13.42.

The company’s market cap is $673.71 million. The company’s 50 day moving average is $10.05 and its 200 day moving average is $10.23.

Novadaq Technologies (NASDAQ:NVDQ) last announced its earnings results on Wednesday, July 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.15. The firm earned $20.12 million during the quarter, compared to the consensus estimate of $19.97 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Analysts predict 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 increased its position in Novadaq Technologies Inc. (NASDAQ:NVDQ) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 5.62% of Novadaq Technologies worth $40,270,000 as of its most recent SEC filing.

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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