Newton Golf (NASDAQ:NWTG – Get Free Report) issued its earnings results on Thursday. The company reported ($0.23) EPS for the quarter, Zacks reports. Newton Golf had a negative return on equity of 476.84% and a negative net margin of 124.42%. The business had revenue of $1.37 million during the quarter.
Newton Golf Stock Performance
Shares of NASDAQ NWTG traded down $0.04 during midday trading on Thursday, hitting $0.99. 34,238 shares of the company traded hands, compared to its average volume of 76,643. The stock has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.20. The firm has a market cap of $4.56 million, a P/E ratio of -0.51 and a beta of 2.43. Newton Golf has a 12-month low of $0.63 and a 12-month high of $1.94.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newton Golf in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Analysis on NWTG
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.
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