Somewhat Positive News Coverage Somewhat Unlikely to Impact Novanta (NOVT) Share Price
News stories about Novanta (NASDAQ:NOVT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Novanta earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.7863815579743 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Critical Analysis: Novanta (NOVT) versus The Competition (americanbankingnews.com)
- Novanta (NOVT) & Its Competitors Head to Head Contrast (americanbankingnews.com)
- Reviewing Novanta (NOVT) & Its Rivals (americanbankingnews.com)
- Financial Comparison: Novanta (NOVT) and Its Rivals (americanbankingnews.com)
- Head-To-Head Survey: Novanta (NOVT) & Its Rivals (americanbankingnews.com)
A number of analysts recently commented on the company. BidaskClub cut Novanta from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Robert W. Baird began coverage on Novanta in a research note on Thursday, December 7th. They issued an “outperform” rating and a $54.00 price target on the stock.
In other Novanta news, Director Stephen W. Bershad sold 500,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $52.55, for a total value of $26,275,000.00. Following the sale, the director now directly owns 1,711,648 shares of the company’s stock, valued at approximately $89,947,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.30% of the stock is currently owned by company insiders.
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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.
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