Hanger (HNGR) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Hanger (OTCMKTS:HNGR) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “Hanger Orthopedic Group Inc. develops, acquires and operates orthotic and prosthetic patient-care centers. The Orthotics & Prosthetics centers are staffed by orthotists and prosthetists, who design, fabricate, fit and supervise the use of external musculoskeletal support devices and artificial limbs. The company also manufacture custom-made and prefabricated Orthotics & Prosthetics devices and are the country’s largest distributor of Orthotics & Prosthetics components and finished Orthotics & Prosthetics patient-care products. “

Other equities analysts also recently issued reports about the stock. ValuEngine raised shares of Hanger from a buy rating to a strong-buy rating in a research note on Saturday, February 3rd. Stephens set a $17.00 target price on shares of Hanger and gave the stock a hold rating in a research note on Monday, January 22nd.

Hanger (HNGR) opened at $15.25 on Thursday. Hanger has a 12 month low of $10.87 and a 12 month high of $18.00.

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Hanger Company Profile

Hanger, Inc is a rehabilitative product and service company. The Company delivers orthotic and prosthetic (O&P) patient care, products, services and therapeutic solutions. The Company offers advanced prosthetics and orthotics, clinically differentiated programs and unsurpassed customer service. The Company comprises nine business units that serve various segments of the O&P industry.

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