Novanta (NOVT) Getting Somewhat Favorable Press Coverage, Study Finds
Media headlines about Novanta (NASDAQ:NOVT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. 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 0.14 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.8786765787569 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Novanta (NASDAQ:NOVT) opened at $54.70 on Friday. 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 $21.55 and a 52 week high of $55.10. The company has a market capitalization of $1,850.68, a price-to-earnings ratio of 40.22 and a beta of 1.27.
Novanta (NASDAQ:NOVT) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. Novanta had a return on equity of 18.29% and a net margin of 12.45%. The business had revenue of $146.30 million during the quarter, compared to analysts’ expectations of $132.10 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. analysts anticipate that Novanta will post 1.58 EPS for the current year.
In related news, Director Stephen W. Bershad sold 500,000 shares of Novanta stock in a transaction on Monday, November 27th. The stock was sold at an average price of $52.55, for a total transaction of $26,275,000.00. Following the completion of the sale, the director now directly owns 1,711,648 shares of the company’s stock, valued at $89,947,102.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.30% of the stock is owned by 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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