Novanta (NOVT) Earns Media Impact Score of 0.17
Headlines about Novanta (NASDAQ:NOVT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Novanta earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.2160544167404 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Novanta (NOVT) traded up $0.20 during midday trading on Friday, hitting $52.05. The company had a trading volume of 221,874 shares, compared to its average volume of 178,013. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.00 and a current ratio of 2.93. Novanta has a 52-week low of $18.25 and a 52-week high of $53.95. The firm has a market cap of $1,783.22, a P/E ratio of 33.91 and a beta of 1.29.
Novanta (NASDAQ:NOVT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Novanta had a return on equity of 18.29% and a net margin of 12.45%. The firm had revenue of $146.30 million for the quarter, compared to the consensus estimate of $132.10 million. During the same period in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 49.5% on a year-over-year basis. sell-side analysts predict that Novanta will post 1.56 earnings per share for the current year.
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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