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1 Comment
Novanta Inc is currently in a long term uptrend where the price is trading 7.5% above its 200 day moving average.
From a valuation standpoint, the stock is 67.9% cheaper than other stocks from the Technology sector with a price to sales ratio of 8.1.
Novanta Inc's total revenue sank by 7.6% to $147M since the same quarter in the previous year.
Its net income has increased by 37.3% to $13M since the same quarter in the previous year.
Finally, its free cash flow grew by 32.4% to $43M since the same quarter in the previous year.
Based on the above factors, Novanta Inc gets an overall score of 4/5.
| Sector | Technology |
|---|---|
| Industry | Scientific & Technical Instruments |
| Exchange | NASDAQ |
| CurrencyCode | USD |
| ISIN | US67000B1044 |
| Market Cap | 4B |
|---|---|
| Beta | 1.43 |
| PE Ratio | 63.74 |
| Target Price | 161.1133 |
| Dividend Yield | None |
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. It operates in two segments, Automation Enabling Technologies and Medical Solutions. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam delivery components, laser beam delivery solutions, CO2 lasers, solid state lasers, ultrafast lasers, optical and inductive encoders, precision motors, integrated stepper motors, servo drives, motion control solutions, intelligent robotic end-of-arm technology solutions, and air bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; laser beam delivery solutions; video processing, streaming, and capture; machine vision technologies; radio frequency identification (RFID) technologies; barcode identification technologies; thermal chart recorders; light and color measurement technologies; touch panel displays; and advanced motion control solutions. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.
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