Hanger (HNGR) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Hanger (OTCMKTS:HNGR) from a buy rating to a hold rating in a research report sent to investors on Friday.

According to Zacks, “Hanger, Inc. delivers orthotic and prosthetic patient care, and distributes O&P products and rehabilitative solutions. The company’s products & services segment provides Hanger distributes branded and private label O&P devices, products and components and provides rehabilitative solutions. Hanger Inc., formerly known as Hanger Orthoped, is based in AUSTIN, Texas. “

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A number of other equities research analysts have also issued reports on the stock. ValuEngine raised shares of Hanger from a buy rating to a strong-buy rating in a report on Saturday, February 3rd. Stephens set a $17.00 price objective on shares of Hanger and gave the company a hold rating in a report on Monday, January 22nd.

Hanger stock opened at $16.03 on Friday. The company has a market capitalization of $582.35, a P/E ratio of 41.10 and a beta of 4.17. Hanger has a 12-month low of $10.87 and a 12-month high of $18.00.

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About Hanger

Hanger, Inc provides orthotic and prosthetic (O&P) patient care services; and distributes O&P devices, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates in two segments, Patient Care and Products & Services.

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