Avinger Inc (NASDAQ:AVGR) shares shot up 12.8% during trading on Tuesday . The stock traded as high as $1.60 and last traded at $1.50. 847,842 shares traded hands during trading, an increase of 379% from the average session volume of 176,965 shares. The stock had previously closed at $1.33.
Separately, Zacks Investment Research downgraded Avinger from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $10.00.
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Avinger Company Profile
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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