BidaskClub upgraded shares of Novanta (NASDAQ:NOVT) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Separately, Robert W. Baird began coverage on Novanta in a research note on Thursday, December 7th. They set an outperform rating and a $54.00 target price on the stock.
Novanta (NASDAQ NOVT) opened at $54.00 on Thursday. Novanta has a one year low of $23.75 and a one year high of $60.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.00 and a current ratio of 2.93. The firm has a market capitalization of $1,867.97, a price-to-earnings ratio of 39.71 and a beta of 1.33.
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Novanta Inc, formerly GSI Group Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world.
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