Novanta Inc NOVT
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
-
Novanta to Present at the CJS Securities 24th Annual New Ideas Summer Conference on Wednesday, July 10, 2024
-
Novanta Announces Financial Results for the First Quarter 2024
-
Novanta to Present at Baird's 2024 Global Consumer, Technology & Services Conference on Wednesday, June 5, 2024
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Novanta to Present at the William Blair 44th Annual Growth Stock Conference on Tuesday, June 4, 2024
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Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 7, 2024
Trading Information
- Previous Close Price
- $160.29
- Day Range
- $156.90–160.22
- 52-Week Range
- $111.20–185.81
- Bid/Ask
- $158.47 / $160.02
- Market Cap
- $5.72 Bil
- Volume/Avg
- 138,749 / 132,316
Key Statistics
- Price/Earnings (Normalized)
- 53.07
- Price/Sales
- 6.47
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.
- Sector
- Technology
- Industry
- Scientific & Technical Instruments
- Stock Style Box
- Small Growth
- Total Number of Employees
- 2,900
- Website
- https://www.novanta.com
Comparables
Valuation
|
Metric
|
NOVT
|
ITGR
|
688686
|
|---|---|---|---|
Price/Earnings (Normalized) | 53.07 | 23.29 | 44.97 |
Price/Book Value | 8.44 | 2.53 | 2.38 |
Price/Sales | 6.47 | 2.40 | 7.59 |
Price/Cash Flow | 41.13 | 16.33 | 34.12 |
Price/Earnings
NOVT
ITGR
688686
Financial Strength
|
Metric
|
NOVT
|
ITGR
|
688686
|
|---|---|---|---|
Quick Ratio | 1.67 | 1.85 | 11.23 |
Current Ratio | 2.83 | 3.32 | 11.90 |
Interest Coverage | 3.92 | 3.27 | 1,320.26 |
Quick Ratio
NOVT
ITGR
688686
Profitability
|
Metric
|
NOVT
|
ITGR
|
688686
|
|---|---|---|---|
Return on Assets (Normalized) | 8.65% | 5.72% | −0.18% |
Return on Equity (Normalized) | 16.88% | 11.36% | −0.20% |
Return on Invested Capital (Normalized) | 11.96% | 8.21% | −0.44% |
Return on Assets
NOVT
ITGR
688686
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