Keep Your Eyes on This Stock: Avanos Medical (NYSE:AVNS)

Avanos Medical (NYSE:AVNS) stock observed trading -43.67% off 52-week high price. On the other end, the stock has been noted 8.16% away from low price over the last 52-weeks. The stock disclosed a move of -4.73% away from 50 day moving average and -20.24% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.42% off 20-day moving average. It has market cap of $1936.22M .

Avanos Medical (NYSE:AVNS) announced that its CORTRAK Enteral Access System has received a 2019 Innovative Technology designation from Vizient, the largest member-driven health care performance improvement company in the country.

The designation was based on the recommendations of health care experts serving on a member-led council who interacted with the product shown at the Vizient Innovative Technology Exchange April 4. The council determined the technology had the potential to enhance clinical care, patient safety, health care worker safety or improve business operations of health care organizations.

Joe Woody, Avanos chief executive officer said “We are extremely proud of CORTRAK receiving the Innovative Technology designation”. “This important recognition of CORTRAK reflects Avanos’ commitment to help hospitals feed critically ill patients faster and more efficiently.”

Debbie Archer, director of procurement and Vizient Innovative Technology Program leader said “After reviewing feedback on CORTRAK at our Innovative Technology Exchange, our member council agreed this solution deserves the Innovative Technology designation status. Congratulations to Avanos Medical on receiving this status”.  The USA based company Avanos Medical moved with change of 0.83% to $41.1 with the total traded volume of 184646 shares in recent session versus to an average volume of 363.12K. The stock was observed in the 5 days activity at -4.46%. The one month performance of stock was -0.70%. AVNS’s shares are at -19.47% for the quarter and driving a -23.59% return over the course of the past year and is now at -8.24% since this point in 2018.  Right now the stock beta is 1.37. The average volatility for the week and month was at 2.32% and 3.16% respectively. There are 47.11M shares outstanding and 46.89M shares are floated in market.

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