IRIDEX Corporation (NASDAQ:IRIX) traded today at a new 52-week high of $8.12. This new high was reached on above average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 245,000 shares.
IRIDEX Corp is involved in the business of developing, manufacturing and marketing laser-based medical systems, delivery devices and consumable instrumentation for ophthalmology. Its products include lasers, laser delivery devices, glaucoma devices, retinal surgical instruments, veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment that is ophthalmology. The geographical segments of the company include the United States, Europe, the Americas, excluding the U.S and Asia/Pacific.
Potential upside of 10.0% exists for IRIDEX Corporation, based on a current level of $7.97 and analysts’ average consensus price target of $8.77.
IRIDEX Corporation share prices have moved between a 52-week high of $8.12 and a 52-week low of $1.22 and are now trading 553% above that low price at $7.97 per share.
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