Media stories about Novanta (NASDAQ:NOVT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Novanta earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.7744412739054 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Novanta (NASDAQ:NOVT) traded down 1.01% during midday trading on Tuesday, reaching $44.05. 141,313 shares of the company were exchanged. The firm has a market cap of $1.52 billion, a P/E ratio of 28.00 and a beta of 1.36. The firm’s 50-day moving average is $37.93 and its 200-day moving average is $32.77. Novanta has a one year low of $16.55 and a one year high of $45.95.

Novanta (NASDAQ:NOVT) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. Novanta had a net margin of 13.86% and a return on equity of 17.11%. The business had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $111.40 million. During the same period in the previous year, the company earned $0.27 earnings per share. Novanta’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts expect that Novanta will post $1.41 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Novanta (NOVT) Stock Price” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-novanta-novt-stock-price/1637139.html.

About Novanta

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)

Receive News & Ratings for Novanta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novanta Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.