Fonar Corporation (NASDAQ:FONR - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.33 and traded as high as $15.61. Fonar shares last traded at $15.36, with a volume of 47,815 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Fonar from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th.
Check Out Our Latest Stock Report on Fonar
Fonar Stock Down 2.4%
The firm has a 50 day moving average of $15.22 and a 200 day moving average of $14.36. The firm has a market cap of $95.54 million, a PE ratio of 12.33 and a beta of 0.96.
Fonar (NASDAQ:FONR - Get Free Report) last issued its earnings results on Thursday, May 15th. The medical equipment provider reported $0.37 earnings per share (EPS) for the quarter. Fonar had a net margin of 8.19% and a return on equity of 5.31%.
Institutional Investors Weigh In On Fonar
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management purchased a new stake in Fonar during the second quarter valued at about $157,000. Empowered Funds LLC boosted its holdings in shares of Fonar by 7.7% during the first quarter. Empowered Funds LLC now owns 21,139 shares of the medical equipment provider's stock worth $296,000 after purchasing an additional 1,504 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Fonar by 16.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 34,054 shares of the medical equipment provider's stock worth $477,000 after purchasing an additional 4,818 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Fonar by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 80,035 shares of the medical equipment provider's stock worth $1,212,000 after purchasing an additional 945 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Fonar by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 376,678 shares of the medical equipment provider's stock worth $5,703,000 after purchasing an additional 2,149 shares during the period. Institutional investors own 50.64% of the company's stock.
Fonar Company Profile
(
Get Free Report)
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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