Media headlines about Novanta (NASDAQ:NOVT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news 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 media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.4614901983424 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Novanta (NASDAQ:NOVT) traded up 0.47% on Friday, reaching $42.70. 322,455 shares of the company’s stock traded hands. The stock has a market capitalization of $1.48 billion, a PE ratio of 27.20 and a beta of 1.33. The company has a 50 day moving average of $37.93 and a 200-day moving average of $32.77. Novanta has a 52 week low of $16.55 and a 52 week high of $42.85.

Novanta (NASDAQ:NOVT) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. The firm had revenue of $119.10 million for the quarter, compared to analysts’ expectations of $111.40 million. Novanta had a net margin of 13.86% and a return on equity of 17.11%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities research analysts forecast that Novanta will post $1.41 earnings per share for the current year.

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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.

Insider Buying and Selling by Quarter for Novanta (NASDAQ:NOVT)

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