Newton Golf Company, Inc. (NASDAQ:NWTG) CEO Gregor Alasdair Campbell Buys 10,000 Shares of Stock

Newton Golf Company, Inc. (NASDAQ:NWTG) CEO Gregor Alasdair Campbell bought 10,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $14,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 65,944 shares in the company, valued at approximately $96,937.68. This trade represents a 17.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Newton Golf Price Performance

Shares of NWTG opened at $1.45 on Friday. The firm has a market cap of $6.55 million, a P/E ratio of -0.01 and a beta of 4.66. Newton Golf Company, Inc. has a 12 month low of $1.35 and a 12 month high of $195.00. The stock’s 50-day moving average is $1.73.

Newton Golf (NASDAQ:NWTG) last announced its earnings results on Thursday, May 15th. The company reported ($0.55) EPS for the quarter. The company had revenue of $1.21 million for the quarter, compared to analyst estimates of $1.21 million. Newton Golf had a negative return on equity of 609.35% and a negative net margin of 257.47%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Newton Golf from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

About Newton Golf

Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St.