Avinger (AVGR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Avinger (NASDAQ:AVGR) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $0.25 price objective on the medical device company’s stock.

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. “

Shares of Avinger (NASDAQ:AVGR) opened at $0.20 on Wednesday. Avinger has a 12-month low of $0.17 and a 12-month high of $3.66.

In related news, Chairman John B. Ph D. Md Simpson sold 454,584 shares of Avinger stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $0.27, for a total transaction of $122,737.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John B. Ph D. Md Simpson sold 1,074,130 shares of Avinger stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $0.25, for a total value of $268,532.50. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Avinger stock. AWM Investment Company Inc. bought a new position in shares of Avinger Inc (NASDAQ:AVGR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,150,000 shares of the medical device company’s stock, valued at approximately $516,000. AWM Investment Company Inc. owned 4.81% of Avinger as of its most recent SEC filing. Institutional investors own 3.79% of the company’s stock.

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About Avinger

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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