Fonar (FONR) Earning Somewhat Positive Media Coverage, Study Finds
Media headlines about Fonar (NASDAQ:FONR) have trended somewhat positive recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fonar earned a news sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news articles about the medical equipment provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Shares of Fonar (NASDAQ:FONR) traded down 0.80% during mid-day trading on Tuesday, hitting $18.50. 23,105 shares of the stock traded hands. Fonar has a 12 month low of $13.95 and a 12 month high of $23.90. The stock has a market cap of $116.31 million, a price-to-earnings ratio of 7.11 and a beta of 2.51. The firm has a 50 day moving average of $18.00 and a 200 day moving average of $19.03.
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Fonar Company Profile
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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