Avinger (NASDAQ:AVGR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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 NASDAQ:AVGR opened at $1.33 on Tuesday. Avinger has a 52-week low of $0.95 and a 52-week high of $25.20. The company has a market capitalization of $15.94 million, a PE ratio of -0.02 and a beta of 0.84.

Avinger (NASDAQ:AVGR) last announced its earnings results on Monday, August 13th. The medical device company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.50). The firm had revenue of $2.06 million during the quarter. research analysts expect that Avinger will post -7.22 earnings per share for the current fiscal year.

Avinger Company Profile

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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