Novanta (NOVT) Given News Impact Score of 0.20

Media stories about Novanta (NASDAQ:NOVT) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. 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 0.20 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.4673029362743 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Novanta (NASDAQ NOVT) traded up 2.08% during midday trading on Friday, reaching $46.70. 218,851 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $37.93 and its 200-day moving average is $32.77. Novanta has a 12-month low of $16.55 and a 12-month high of $47.22. The stock has a market cap of $1.61 billion, a PE ratio of 29.69 and a beta of 1.36.

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

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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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