Avinger (AVGR) is Downgraded by Dougherty & Company to Neutral

Avinger (AVGR) is Downgraded by Dougherty & Company to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

Shares of Avinger, Inc. (NASDAQ:AVGR) rose by 19.37% in the past week and 29.23% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 16.15% and the outperformance increases to 31.06% for the last 4 weeks.

Avinger, Inc. (NASDAQ:AVGR) : On Thursday heightened volatility was witnessed in Avinger, Inc. (NASDAQ:AVGR) which led to swings in the share price. The shares opened for trading at $22.74 and hit $23.54 on the upside , eventually ending the session at $22.99, with a gain of 1.1% or 0.25 points. The heightened volatility saw the trading volume jump to 159,084 shares. The 52-week high of the share price is $23.54 and the company has a market cap of $290 million. The 52-week low of the share price is at $9.35 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Simpson John B Ph D Md, (Executive Chairman) of Avinger Inc, unloaded 100,000 shares at an average price of $17.25 on November 24, 2015. The total amount of the transaction was worth $1,725,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Avinger, Inc. (NASDAQ:AVGR): The stock price is expected to reach $ 20.25 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $23 while the lower estimate is at $18. The standard deviation of the price stands at $2.06.