AngioDynamics (NASDAQ:ANGO – Get Rating) had its price objective lowered by Raymond James from $25.00 to $22.00 in a report released on Friday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the medical instruments supplier's stock.
Separately, StockNews.com assumed coverage on AngioDynamics in a research report on Wednesday, October 12th. They set a hold rating on the stock.
Get AngioDynamics alerts:AngioDynamics Stock Down 4.0 %
ANGO opened at $14.57 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.16 and a debt-to-equity ratio of 0.12. The firm has a market cap of $569.80 million, a P/E ratio of -17.55 and a beta of 0.66. AngioDynamics has a 52 week low of $11.71 and a 52 week high of $24.87. The business's fifty day simple moving average is $13.42 and its 200 day simple moving average is $17.83.
Hedge Funds Weigh In On AngioDynamics
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in AngioDynamics by 1.9% during the third quarter. BlackRock Inc. now owns 6,411,415 shares of the medical instruments supplier's stock worth $131,177,000 after buying an additional 117,895 shares during the period. Victory Capital Management Inc. raised its holdings in shares of AngioDynamics by 3.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,933,155 shares of the medical instruments supplier's stock worth $56,757,000 after purchasing an additional 96,263 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of AngioDynamics by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,750,872 shares of the medical instruments supplier's stock worth $59,255,000 after purchasing an additional 46,173 shares during the period. Vanguard Group Inc. raised its holdings in shares of AngioDynamics by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,589,323 shares of the medical instruments supplier's stock worth $52,977,000 after purchasing an additional 38,898 shares during the period. Finally, Polar Capital Holdings Plc raised its holdings in shares of AngioDynamics by 21.6% in the 1st quarter. Polar Capital Holdings Plc now owns 1,882,375 shares of the medical instruments supplier's stock worth $40,546,000 after purchasing an additional 334,649 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.About AngioDynamics
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AngioDynamics, Inc designs, manufactures, and sells various medical, surgical, and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and vascular access; and for use in oncology and surgical settings in the United States and internationally.
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