Today, a Director at Novanta Inc (NOVT), Stephen Bershad, sold shares of NOVT for $34.08M.
Following Stephen Bershad’s last NOVT Sell transaction on November 28, 2017, the stock climbed by 16.0%.
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Based on Novanta Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $161 million and quarterly net profit of $21.43 million. In comparison, last year the company earned revenue of $146 million and had a GAAP net loss of $53K. NOVT’s market cap is $2.53B and the company has a P/E ratio of 61.80. Currently, Novanta Inc has an average volume of 110.9K.
The insider sentiment on Novanta Inc has been negative according to 18 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following business segments: Photonics, Vision, and Precision Motion.
