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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.