Press coverage about Novanta (NASDAQ:NOVT) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Novanta earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.4673029362743 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Novanta (NASDAQ NOVT) opened at $52.90 on Tuesday. The company has a market cap of $1,800.52, a P/E ratio of 34.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.93 and a quick ratio of 2.00. Novanta has a 52-week low of $18.25 and a 52-week high of $53.95.
Novanta (NASDAQ:NOVT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. Novanta had a net margin of 12.45% and a return on equity of 18.29%. The firm had revenue of $146.30 million for the quarter, compared to the consensus estimate of $132.10 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The business’s revenue was up 49.5% compared to the same quarter last year. sell-side analysts forecast that Novanta will post 1.56 EPS for the current year.
Novanta Company Profile
Novanta Inc, formerly GSI Group Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world.
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