Avinger Inc (NASDAQ:AVGR) shares rose 5.4% during mid-day trading on Monday . The stock traded as high as $1.42 and last traded at $1.37. Approximately 659,895 shares traded hands during trading, an increase of 230% from the average daily volume of 200,165 shares. The stock had previously closed at $1.30.
Separately, Zacks Investment Research raised Avinger from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.00.
Avinger, Inc is a commercial-stage medical device company. The Company designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease (PAD). The Company focuses on introducing products based on its lumivascular platform, which is an intravascular image-guided system.
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