Fonar Corporation (FONR) Scheduled to Post Earnings on Tuesday
Fonar Corporation (NASDAQ FONR) opened at 32.175 on Tuesday. The stock has a market cap of $206.40 million, a PE ratio of 11.034 and a beta of 2.61. Fonar Corporation has a 52-week low of $15.70 and a 52-week high of $33.90. The firm has a 50-day moving average price of $30.91 and a 200 day moving average price of $27.06.
A number of large investors have recently added to or reduced their stakes in FONR. The Manufacturers Life Insurance Company boosted its position in Fonar Corporation by 3,083.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,635 shares of the medical equipment provider’s stock valued at $156,000 after purchasing an additional 5,458 shares during the period. California State Teachers Retirement System acquired a new position in Fonar Corporation during the 2nd quarter valued at approximately $300,000. Finally, State Street Corp acquired a new position in Fonar Corporation during the 2nd quarter valued at approximately $1,882,000. Institutional investors and hedge funds own 44.49% of the company’s stock.
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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