Novadaq Technologies Inc. (NVDQ) Trading Up 4.3%
Shares of Novadaq Technologies Inc. (NASDAQ:NVDQ) were up 4.3% during trading on Monday . The stock traded as high as $12.40 and last traded at $12.40, with a volume of 65,040 shares trading hands. The stock had previously closed at $11.89.
Several analysts recently commented on NVDQ shares. JMP Securities started 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 price objective on the stock in a research note on Wednesday, June 29th. Canaccord Genuity reissued 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 reissued 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 analysts have rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.42.
The stock’s market cap is $706.45 million. The stock’s 50-day moving average is $10.42 and its 200 day moving average is $10.32.
Novadaq Technologies (NASDAQ:NVDQ) last released its quarterly earnings data 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. The company earned $20.12 million during the quarter, compared to the consensus estimate of $19.97 million. During the same quarter last year, the business posted ($0.22) earnings per share. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts forecast that Novadaq Technologies Inc. will post ($0.73) EPS for the current fiscal year.
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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