For its third fiscal quarter (ending September 30), Novanta Inc (NASDAQ: NOVT) has reported a -10% decline in E.P.S. from $0.59 a year ago to $0.53 in the current quarter. E.P.S. were $1.67 for the latest four quarters through September 30 versus $2.11 for the same period a year ago — a decline of -21%.
Recent Price Action
Novanta Inc (NASDAQ: NOVT) stock suffered a large decline of -5.5% on 11/5/24. The stock closed at $164.67. Moreover, this decline was accompanied by exceptionally high trading volume at 261% of normal. The stock has performed in line with the market over the last nine months and has declined -6.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NOVT is expected to continue to be a major Value Builder.
Novanta has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Novanta has a very low Appreciation Score of 11 but a neutral Power Rating of 53, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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