Media stories about Fonar (NASDAQ:FONR) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fonar earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned headlines about the medical equipment provider an impact score of 45.3094860802989 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Fonar stock opened at $26.40 on Thursday. Fonar has a 52 week low of $17.20 and a 52 week high of $33.90. The stock has a market capitalization of $163.79, a price-to-earnings ratio of 9.10 and a beta of 2.36.
Fonar (NASDAQ:FONR) last issued its quarterly earnings results on Monday, February 12th. The medical equipment provider reported $0.70 earnings per share (EPS) for the quarter. Fonar had a return on equity of 23.26% and a net margin of 23.44%. The company had revenue of $20.17 million for the quarter.
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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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