Varex Imaging Corp (NASDAQ:VREX) crossed MACD Bullish signal line on Friday, June 26, 2020

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Bullish Varex Imaging Corp NASDAQ:VREX Grade : F stock signal line crossed on Friday, June 26, 2020. on Thursday 11th June’s trading session, with a change of 1.95% per share while daily volume of 1,014,100 changed hands which is surge of 1.58%

Varex Imaging Corp NASDAQ:VREX Grade : F stock VREX closed up 1.95 percent on Thursday, June 25, 2020, on 1.58 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock’s strong downtrend, it may remain oversold for a while. So, if you’re looking for a reason to buy, don’t put too much weight on it being oversold.

Earning Varex Imaging Corp NASDAQ:VREX

Varex Imaging last announced its quarterly earnings data on May 12th, 2020. The reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.23. The firm had revenue of $197 million for the quarter, compared to analysts’ expectations of $199.90 million. Its revenue was up .5% on a year-over-year basis. Varex Imaging has generated $1.30 earnings per share over the last year and currently has a price-to-earnings ratio of 126.5. Varex Imaging has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.

About Varex Imaging Corp NASDAQ:VREX

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys. This segment’s products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, cardiac, surgery, dental, and computer-aided detection. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, high voltage connectors, and image-processing software for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation is headquartered in Salt Lake City, Utah.

Grade : F