IRIDEX (NASDAQ:IRIX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of IRIDEX (NASDAQ:IRIX) in a research note released on Saturday. The firm issued a hold rating on the medical equipment provider’s stock.

IRIDEX Stock Performance

IRIX opened at $1.38 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a market cap of $22.96 million, a price-to-earnings ratio of -2.06 and a beta of 0.84. IRIDEX has a 52-week low of $1.27 and a 52-week high of $3.65. The firm’s fifty day simple moving average is $1.62 and its two-hundred day simple moving average is $1.71.

IRIDEX Company Profile

IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments.