Newton Golf (NASDAQ:NWTG) Posts Earnings Results

Newton Golf (NASDAQ:NWTG) released its earnings results on Thursday. The company reported ($0.23) EPS for the quarter, Zacks reports. Newton Golf had a negative return on equity of 476.84% and a negative net margin of 124.42%. The company had revenue of $1.37 million during the quarter.

Newton Golf Stock Performance

Shares of NASDAQ NWTG traded down $0.04 during midday trading on Thursday, hitting $0.99. 34,238 shares of the company’s stock traded hands, compared to its average volume of 76,643. Newton Golf has a 1 year low of $0.63 and a 1 year high of $1.94. The stock has a market capitalization of $4.56 million, a price-to-earnings ratio of -0.51 and a beta of 2.43. The firm has a fifty day moving average of $1.05 and a 200 day moving average of $1.20.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newton Golf in a research note on Friday, September 4th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Newton Golf

Newton Golf Company, Inc. develops and markets golf equipment and related technology under the Newton Golf brand. The company’s product portfolio is centered on golf shafts designed to support golfers’ performance, consistency and club-fitting needs. Its offerings include the Newton Motion line of shafts for drivers, irons and putters, along with other golf equipment and accessories. The company sells its products through golf-industry distribution channels and directly to consumers, serving the golf market primarily in the United States.