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

NVDQ has been the subject of several recent research reports. Canaccord Genuity reiterated a “buy” rating and set a $15.00 target price on shares of Novadaq Technologies in a research note on Thursday, July 7th. Zacks Investment Research raised shares of Novadaq Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, June 29th. JMP Securities initiated coverage on shares of Novadaq Technologies in a report on Wednesday, June 1st. They set a “mkt outperform” rating for the company. Feltl & Co. raised shares of Novadaq Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 28th. Finally, Northland Securities reissued an “underperform” rating and set a $7.00 price target on shares of Novadaq Technologies in a report on Thursday, July 7th. Two investment 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 presently has a consensus rating of “Buy” and a consensus price target of $13.42.

The company’s market capitalization is $669.69 million. The firm has a 50 day moving average of $10.10 and a 200-day moving average of $10.24.

Novadaq Technologies (NASDAQ:NVDQ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate 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 period last year, the company earned ($0.22) earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, analysts forecast that Novadaq Technologies Inc. will post ($0.73) EPS for the current fiscal year.

An institutional investor recently raised its position in Novadaq Technologies stock. Jennison Associates LLC raised its stake 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 SEC. The firm 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 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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