Newton Golf (NASDAQ:NWTG) Releases Quarterly Earnings Results

Newton Golf (NASDAQ:NWTG) announced its quarterly earnings data on Thursday. The company reported ($0.23) EPS for the quarter, Zacks reports. Newton Golf had a negative net margin of 124.42% and a negative return on equity of 476.84%. The company had revenue of $1.37 million during the quarter.

Newton Golf Stock Up 3.2%

Shares of NWTG stock traded up $0.03 on Friday, hitting $1.00. The company had a trading volume of 21,552 shares, compared to its average volume of 76,558. Newton Golf has a twelve month low of $0.63 and a twelve month high of $1.94. The firm has a market cap of $4.58 million, a P/E ratio of -0.52 and a beta of 2.43. The company has a 50-day moving average price of $1.05 and a 200-day moving average price of $1.20.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NWTG. Weiss Ratings reissued a “sell (e+)” rating on shares of Newton Golf in a report on Friday, September 4th. Zacks Research assumed coverage on shares of Newton Golf in a research note on Wednesday. They set a “hold” rating for the company. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Newton Golf currently has a consensus rating of “Reduce”.

Newton Golf Company Profile

Newton Golf Company, Inc. develops and markets golf equipment and related technology under the Newton Golf brand. The company’s product portfolio is centered on golf shafts designed to support golfers’ performance, consistency and club-fitting needs. Its offerings include the Newton Motion line of shafts for drivers, irons and putters, along with other golf equipment and accessories. The company sells its products through golf-industry distribution channels and directly to consumers, serving the golf market primarily in the United States.