Novadaq Technologies Inc. (NASDAQ:NVDQ) dropped 1.4% during trading on Tuesday . The company traded as low as $11.43 and last traded at $11.57, with a volume of 89,967 shares. The stock had previously closed at $11.73.

NVDQ has been the topic of a number of recent research reports. JMP Securities initiated coverage on Novadaq Technologies in a research note on Wednesday, June 1st. They issued a “mkt outperform” rating on the stock. Zacks Investment Research raised Novadaq Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, June 29th. Canaccord Genuity reissued a “buy” rating and issued a $15.00 target price on shares of Novadaq Technologies in a research note on Wednesday, June 8th. Northland Securities reissued an “underperform” rating and issued a $7.00 target price 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 issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $13.42.

The stock’s 50-day moving average price is $10.15 and its 200 day moving average price is $10.25. The firm’s market cap is $674.29 million.

Novadaq Technologies (NASDAQ:NVDQ) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.15. The company earned $20.12 million during the quarter, compared to analysts’ expectations of $19.97 million. The business’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.22) earnings per share. On average, analysts predict that Novadaq Technologies Inc. will post ($0.73) EPS for the current year.

A hedge fund recently raised its stake in Novadaq Technologies stock. Jennison Associates LLC boosted its position 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 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 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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