Avinger (AVGR) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Avinger (NASDAQ:AVGR) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Avinger, Inc. is engaged in designing, manufacturing and selling image-guided, catheter-based systems to treat peripheral arterial disease. The company’s product consists of Lightbox imaging console, Wildcat, Kittycat, Ocelot, Ocelot PIXL, Ocelot MVRX and Juicebox. Avinger, Inc. is based in Redwood City, California. “

AVGR opened at $1.15 on Tuesday. The firm has a market cap of $15.25 million, a price-to-earnings ratio of -0.02 and a beta of 0.86. Avinger has a 52 week low of $0.95 and a 52 week high of $16.40.

Avinger (NASDAQ:AVGR) last released its quarterly earnings data on Monday, August 13th. The medical device company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.50). The business had revenue of $2.06 million during the quarter. As a group, equities analysts predict that Avinger will post -7.22 earnings per share for the current fiscal year.

About Avinger

Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.

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