Avinger (AVGR) Shares Gap Up to $0.31

Shares of Avinger Inc (NASDAQ:AVGR) gapped up before the market opened on Monday . The stock had previously closed at $0.32, but opened at $0.31. Avinger shares last traded at $0.32, with a volume of 225057 shares traded.

Separately, Zacks Investment Research upgraded Avinger from a “hold” rating to a “buy” rating and set a $0.25 price target on the stock in a report on Tuesday, November 20th.

The firm has a market capitalization of $7.27 million, a P/E ratio of 0.00 and a beta of 1.99.

Avinger (NASDAQ:AVGR) last issued its earnings results on Tuesday, November 13th. The medical device company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.05). The business had revenue of $2.02 million during the quarter. Sell-side analysts forecast that Avinger Inc will post -7.19 earnings per share for the current fiscal year.

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About Avinger (NASDAQ:AVGR)

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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