Avanos Medical (NYSE:AVNS) Reaches New 12-Month Low – Here’s What Happened

Avanos Medical, Inc. (NYSE:AVNS) shares hit a new 52-week low during trading on Monday . The company traded as low as $15.10 and last traded at $15.10, with a volume of 141 shares changing hands. The stock had previously closed at $15.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Avanos Medical from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 3rd.

Avanos Medical Stock Performance

The firm has a market cap of $726.12 million, a price-to-earnings ratio of 46.47 and a beta of 0.99. The stock’s 50 day moving average is $17.70 and its 200 day moving average is $20.87. The company has a current ratio of 2.22, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in Avanos Medical in the 3rd quarter valued at about $42,000. KBC Group NV boosted its holdings in Avanos Medical by 63.0% in the 3rd quarter. KBC Group NV now owns 2,833 shares of the company’s stock valued at $68,000 after purchasing an additional 1,095 shares during the period. Canada Pension Plan Investment Board bought a new stake in Avanos Medical in the 2nd quarter valued at about $70,000. XTX Topco Ltd bought a new stake in Avanos Medical in the 2nd quarter valued at about $202,000. Finally, Intech Investment Management LLC bought a new stake in Avanos Medical in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 95.17% of the company’s stock.

Avanos Medical Company Profile

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.