Fonar (FONR) Releases Quarterly Earnings Results
Fonar (NASDAQ:FONR) released its earnings data on Thursday. The company reported $0.26 earnings per share for the quarter, Analyst Ratings Net reports. The company had revenue of $17.04 million for the quarter, compared to the consensus estimate of $11.64 million.
On a related note, analysts at TheStreet upgraded shares of Fonar from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th.
Fonar (NASDAQ:FONR) opened at 17.61 on Thursday. Fonar has a 52-week low of $5.12 and a 52-week high of $27.95. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $18.04. The company has a market cap of $109.6 million and a price-to-earnings ratio of 10.76.
Fonar Corporation (NASDAQ:FONR) operates in two segments: medical equipment segment, and physician management and diagnostic services segment.
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