FONAR Co. (NASDAQ:FONR – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 8,500 shares, a decline of 14.1% from the March 15th total of 9,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is presently 0.4 days.
FONAR Stock Down 1.9 %
FONAR stock opened at $16.83 on Tuesday. The stock has a 50-day simple moving average of $21.38 and a 200 day simple moving average of $18.85. FONAR has a 12-month low of $12.13 and a 12-month high of $24.05. The stock has a market capitalization of $106.53 million, a price-to-earnings ratio of 9.15 and a beta of 1.12.
FONAR (NASDAQ:FONR – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The medical equipment provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $25.39 million during the quarter. FONAR had a return on equity of 8.47% and a net margin of 12.63%.
Institutional Trading of FONAR
FONAR Company Profile
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services.
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