Zacks Research Begins Coverage on Newton Golf (NASDAQ:NWTG)

Analysts at Zacks Research began coverage on shares of Newton Golf (NASDAQ:NWTG) in a research note issued to investors on Wednesday, Zacks reports. The firm set a “hold” rating on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newton Golf in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Newton Golf Trading Down 6.1%

Shares of NASDAQ NWTG opened at $0.97 on Wednesday. Newton Golf has a 1 year low of $0.63 and a 1 year high of $1.94. The company’s 50-day moving average is $1.05 and its 200 day moving average is $1.20.

Newton Golf (NASDAQ:NWTG) last posted its quarterly earnings data on Thursday, November 12th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $1.37 million for the quarter. Newton Golf had a negative net margin of 124.42% and a negative return on equity of 476.84%. On average, research analysts anticipate that Newton Golf will post -0.48 EPS for the current fiscal year.

Newton Golf Company Profile

Newton Golf Company, Inc. develops and markets golf equipment and related technology under the Newton Golf brand. The company’s product portfolio is centered on golf shafts designed to support golfers’ performance, consistency and club-fitting needs. Its offerings include the Newton Motion line of shafts for drivers, irons and putters, along with other golf equipment and accessories. The company sells its products through golf-industry distribution channels and directly to consumers, serving the golf market primarily in the United States.