Spark Investment Management LLC Has $768,000 Stake in Fonar Corporation (FONR)
Spark Investment Management LLC maintained its position in shares of Fonar Corporation (NASDAQ:FONR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,700 shares of the medical equipment provider’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Fonar Corporation were worth $768,000 at the end of the most recent quarter.
Fonar Corporation (NASDAQ FONR) opened at 26.50 on Friday. The firm has a market cap of $169.60 million, a PE ratio of 8.87 and a beta of 2.62. Fonar Corporation has a one year low of $15.70 and a one year high of $31.90. The company’s 50-day moving average is $27.83 and its 200 day moving average is $22.43.
Fonar Corporation (NASDAQ:FONR) last posted its earnings results on Wednesday, May 10th. The medical equipment provider reported $0.88 earnings per share (EPS) for the quarter. Fonar Corporation had a net margin of 25.30% and a return on equity of 28.36%. The firm had revenue of $20.01 million during the quarter.
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Fonar Corporation Company Profile
Fonar Corporation (Fonar) is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company operates its business through two segments: Medical Equipment segment, and Physician Management and Diagnostic Services segment.
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