Newton Golf (NASDAQ:NWTG) Stock Price Down 2.6% – What’s Next?

Newton Golf Company, Inc. (NASDAQ:NWTG) shares were down 2.6% during trading on Thursday. The company traded as low as $1.13 and last traded at $1.14. Approximately 29,718 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 109,668 shares. The stock had previously closed at $1.17.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newton Golf in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Newton Golf Stock Down 5.3%

The firm has a market capitalization of $4.96 million, a PE ratio of -0.56 and a beta of 2.47. The business’s 50-day moving average price is $1.20 and its 200-day moving average price is $1.15.

Newton Golf (NASDAQ:NWTG) last issued its earnings results on Friday, August 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. Newton Golf had a negative net margin of 124.42% and a negative return on equity of 476.84%. The company had revenue of $1.32 billion for the quarter. On average, analysts anticipate that Newton Golf Company, Inc. will post -0.48 EPS for the current fiscal year.

About Newton Golf

Newton Golf is a golf equipment company focused on the design, development and sale of golf shafts and related performance products. Its offerings are intended to support golfers seeking improvements in club performance, swing consistency and overall playability.

The company’s product portfolio includes the Newton Motion line of golf shafts, which incorporates proprietary design features intended to influence shaft loading, stability and energy transfer during the swing. Newton Golf markets its products to golfers, club fitters and golf equipment retailers.

Publicly available information about Newton Golf’s corporate history, leadership and geographic reach is limited.