Stocks: Fonar Co. (FONR) Posts Earnings Results

Stocks: Fonar Co. (FONR) Posts  Earnings Results

Fonar Co. (NASDAQ:FONR) announced its quarterly earnings data on Wednesday. The medical equipment provider reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $20.01 million for the quarter. Fonar had a net margin of 22.13% and a return on equity of 26.01%.

Shares of Fonar (NASDAQ:FONR) opened at 22.35 on Friday. The firm’s 50 day moving average is $18.47 and its 200 day moving average is $18.94. Fonar has a 12 month low of $15.25 and a 12 month high of $23.90. The stock has a market capitalization of $140.47 million, a price-to-earnings ratio of 7.35 and a beta of 2.51.

About Fonar

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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