Newton Golf (NASDAQ:NWTG) Posts Quarterly Earnings Results

Newton Golf (NASDAQ:NWTG) issued its quarterly earnings data on Thursday. The company reported ($0.23) earnings per share for the quarter, Zacks reports. The company had revenue of $1.37 million for the quarter. Newton Golf had a negative return on equity of 476.84% and a negative net margin of 124.42%.

Newton Golf Trading Down 6.3%

Shares of NWTG traded down $0.07 during midday trading on Thursday, hitting $0.96. 47,442 shares of the company’s stock traded hands, compared to its average volume of 76,714. The stock has a market capitalization of $4.43 million, a price-to-earnings ratio of -0.50 and a beta of 2.43. The firm’s fifty day moving average is $1.05 and its 200-day moving average is $1.20. Newton Golf has a 1 year low of $0.63 and a 1 year high of $1.94.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newton Golf in a research note on Friday, September 4th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Newton Golf

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.