FONAR (NASDAQ:FONR – Get Free Report) posted its earnings results on Wednesday. The medical equipment provider reported $0.29 earnings per share (EPS) for the quarter, Zacks reports. FONAR had a net margin of 9.41% and a return on equity of 6.10%.
FONAR Trading Up 0.2 %
FONR stock traded up $0.04 on Wednesday, hitting $15.09. The company had a trading volume of 10,686 shares, compared to its average volume of 14,628. The stock has a market cap of $95.49 million, a price-to-earnings ratio of 10.78 and a beta of 1.23. FONAR has a 12-month low of $14.05 and a 12-month high of $24.05. The stock’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $15.99.
Analyst Ratings Changes
Separately, StockNews.com cut shares of FONAR from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 16th.
About FONAR
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services.
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