Novanta (NOVT) Receives News Impact Score of 0.09
News headlines about Novanta (NASDAQ:NOVT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Novanta earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.4685825250604 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Novanta (NASDAQ NOVT) opened at $51.30 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.93 and a debt-to-equity ratio of 0.76. Novanta has a 1 year low of $20.13 and a 1 year high of $55.10. The firm has a market cap of $1,790.00, a P/E ratio of 33.68 and a beta of 1.26.
Novanta (NASDAQ:NOVT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.45 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $132.10 million. During the same quarter in the previous year, the company posted $0.29 EPS. Novanta’s revenue was up 49.5% on a year-over-year basis. analysts expect that Novanta will post 1.58 earnings per share for the current fiscal year.
In related news, Director Stephen W. Bershad sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $52.55, for a total value of $26,275,000.00. Following the completion of the transaction, the director now owns 1,711,648 shares in the company, valued at approximately $89,947,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.
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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