Fonar Corporation (FONR) Earning Positive Media Coverage, Analysis Finds

News coverage about Fonar Corporation (NASDAQ:FONR) has trended positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fonar Corporation earned a daily sentiment score of 0.48 on Alpha One’s scale. Alpha One also assigned news articles about the medical equipment provider an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.

Shares of Fonar Corporation (FONR) traded up 0.1644% during midday trading on Tuesday, hitting $28.6971. 32,353 shares of the stock traded hands. The firm’s 50 day moving average price is $24.13 and its 200 day moving average price is $20.28. Fonar Corporation has a 12-month low of $15.70 and a 12-month high of $29.30. The company has a market capitalization of $183.66 million, a PE ratio of 9.6073 and a beta of 2.55.

Fonar Corporation (NASDAQ:FONR) last posted its quarterly earnings data on Wednesday, May 10th. The medical equipment provider reported $0.88 earnings per share for the quarter. The firm had revenue of $20.01 million for the quarter. Fonar Corporation had a return on equity of 28.36% and a net margin of 25.30%.

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About Fonar Corporation

Fonar Corporation (Fonar) is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company operates its business through two segments: Medical Equipment segment, and Physician Management and Diagnostic Services segment.

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