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

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

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

Newton Golf Price Performance

Shares of NASDAQ NWTG opened at $0.97 on Wednesday. The firm has a market capitalization of $4.44 million, a PE ratio of -0.50 and a beta of 2.43. Newton Golf has a 1-year low of $0.63 and a 1-year high of $1.94. The business’s fifty day moving average price is $1.05 and its two-hundred day moving average price is $1.20.

Newton Golf (NASDAQ:NWTG) last announced its quarterly earnings results on Thursday, November 12th. The company reported ($0.23) earnings per share (EPS) 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%. Equities research analysts expect that Newton Golf will post -0.48 earnings per share for the current fiscal year.

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.