FONAR Co. (NASDAQ:FONR – Get Rating)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.90 and traded as low as $15.81. FONAR shares last traded at $16.12, with a volume of 7,539 shares traded.
Analysts Set New Price Targets
FONR has been the topic of a number of recent analyst reports. TheStreet lowered shares of FONAR from a "b-" rating to a "c+" rating in a research report on Tuesday, December 20th. StockNews.com started coverage on shares of FONAR in a report on Thursday, March 16th. They issued a "strong-buy" rating on the stock.
Get FONAR alerts:FONAR Trading Up 0.9 %
The company has a quick ratio of 8.59, a current ratio of 8.78 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $16.77 and a 200 day simple moving average of $16.90.
Institutional Trading of FONAR
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lakewood Asset Management LLC bought a new stake in shares of FONAR in the 4th quarter worth approximately $153,000. Money Concepts Capital Corp raised its holdings in shares of FONAR by 107.0% in the 4th quarter. Money Concepts Capital Corp now owns 299,306 shares of the medical equipment provider's stock worth $5,013,000 after buying an additional 154,719 shares in the last quarter. Mill Road Capital Management LLC boosted its stake in FONAR by 1.8% in the 4th quarter. Mill Road Capital Management LLC now owns 36,796 shares of the medical equipment provider's stock valued at $616,000 after buying an additional 650 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in FONAR in the 4th quarter valued at $340,000. Finally, Dimensional Fund Advisors LP grew its position in FONAR by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 394,616 shares of the medical equipment provider's stock valued at $6,610,000 after acquiring an additional 6,393 shares during the period. 44.93% of the stock is currently owned by institutional investors and hedge funds.
FONAR Company Profile
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FONAR Corp. engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners. It operates through the Manufacturing and Servicing of Medical Equipment and Management of Diagnostic Imaging Center segments. The Manufacturing and Servicing of Medical Equipment segment promotes its product, Fonar Upright MRI.
Further Reading
- Get a free copy of the StockNews.com research report on FONAR (FONR)
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