FONAR (NASDAQ:FONR) Announces Quarterly Earnings Results

FONAR (NASDAQ:FONR) announced its earnings results on Wednesday. The medical equipment provider reported $0.29 earnings per share (EPS) for the quarter, Zacks reports. FONAR had a net margin of 9.41% and a return on equity of 6.10%.

FONAR Price Performance

Shares of FONR stock traded up $0.04 during trading hours on Wednesday, reaching $15.09. The company had a trading volume of 10,686 shares, compared to its average volume of 14,555. FONAR has a 1-year low of $14.05 and a 1-year high of $24.05. The company has a 50 day moving average of $15.50 and a 200 day moving average of $15.99. The firm has a market cap of $95.49 million, a price-to-earnings ratio of 10.78 and a beta of 1.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut FONAR from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 16th.

About FONAR

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services.