Newton Golf (NASDAQ:NWTG) Coverage Initiated by Analysts at Zacks Research

Zacks Research assumed coverage on shares of Newton Golf (NASDAQ:NWTG) in a report released on Wednesday morning,Zacks reports. The brokerage issued 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 research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Newton Golf currently has an average rating of “Reduce”.

Newton Golf Stock Down 6.1%

NASDAQ NWTG opened at $0.97 on Wednesday. The company has a market cap of $4.44 million, a price-to-earnings ratio of -0.50 and a beta of 2.43. Newton Golf has a 52 week low of $0.63 and a 52 week high of $1.94. The business has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.20.

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