Avinger Inc (NASDAQ:AVGR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.18 and last traded at $1.25, with a volume of 224400 shares changing hands. The stock had previously closed at $1.25.
Separately, Zacks Investment Research lowered Avinger from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average 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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