Hyperfine (NASDAQ:HYPR) Announces Quarterly Earnings Results

Hyperfine (NASDAQ:HYPR) issued its earnings results on Monday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Zacks reports. Hyperfine had a negative net margin of 309.42% and a negative return on equity of 57.54%.

Hyperfine Stock Up 39.3 %

Shares of NASDAQ:HYPR traded up $0.36 during midday trading on Monday, hitting $1.28. The stock had a trading volume of 40,000,523 shares, compared to its average volume of 327,174. The company’s 50-day moving average price is $1.07 and its 200-day moving average price is $1.01. The company has a market capitalization of $93.37 million, a P/E ratio of -2.25 and a beta of 0.94. Hyperfine has a fifty-two week low of $0.76 and a fifty-two week high of $1.90.

Hyperfine Company Profile

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.