Fonar Corporation (FONR) Scheduled to Post Quarterly Earnings on Monday
Shares of Fonar Corporation (NASDAQ FONR) opened at 28.20 on Monday. Fonar Corporation has a 12 month low of $15.70 and a 12 month high of $31.90. The company has a market capitalization of $180.48 million, a P/E ratio of 9.44 and a beta of 2.64. The firm has a 50-day moving average of $27.47 and a 200-day moving average of $23.63.
A number of institutional investors have recently modified their holdings of FONR. The Manufacturers Life Insurance Company raised its holdings in Fonar Corporation by 3,083.6% in the second quarter. The Manufacturers Life Insurance Company now owns 5,635 shares of the medical equipment provider’s stock worth $156,000 after buying an additional 5,458 shares during the last quarter. California State Teachers Retirement System purchased a new position in Fonar Corporation in the second quarter worth about $300,000. Finally, State Street Corp purchased a new position in Fonar Corporation in the second quarter worth about $1,882,000. 45.11% of the stock is owned by institutional investors and hedge funds.
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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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