Shares of Avinger Inc (NASDAQ:AVGR) shot up 6.9% on Friday . The stock traded as high as $0.32 and last traded at $0.31. 2,009,925 shares changed hands during mid-day trading, an increase of 110% from the average session volume of 956,884 shares. The stock had previously closed at $0.29.
Separately, Zacks Investment Research upgraded Avinger from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th.
Avinger (NASDAQ:AVGR) last posted its quarterly earnings results on Tuesday, November 13th. The medical device company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.05). The company had revenue of $2.02 million during the quarter. On average, sell-side analysts forecast that Avinger Inc will post -7.19 EPS for the current fiscal year.
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Avinger, Inc, a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures.
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