It Seems Fonar Corporation (FONR) Will Go Up. Just Reaches 52-Week High

June 19, 2017 - By Peter Erickson

Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.30, from 1.37 in 2016Q3. It is positive, as 5 investors sold Fonar Corporation shares while 10 reduced holdings. 7 funds opened positions while 18 raised stakes. 2.55 million shares or 8.01% more from 2.36 million shares in 2016Q3 were reported.
19,926 are owned by Retail Bank Of New York Mellon Corp. United Kingdom-based Gsa Prns Llp has invested 0.02% in Fonar Corporation (NASDAQ:FONR). Creative Planning reported 2 shares. Geode Cap Management Limited Liability Corporation accumulated 48,023 shares or 0% of the stock. Royal Bancorporation Of Scotland Grp Public Limited Company has 0.1% invested in Fonar Corporation (NASDAQ:FONR) for 20,096 shares. Northern Trust Corp reported 0% of its portfolio in Fonar Corporation (NASDAQ:FONR). Vanguard Grp has 0% invested in Fonar Corporation (NASDAQ:FONR) for 250,034 shares. Prelude Mgmt Lc has invested 0.01% in Fonar Corporation (NASDAQ:FONR). Brandywine Glob Investment Mngmt Limited stated it has 4,370 shares or 0% of all its holdings. Blackrock Advsrs Ltd Company owns 1,417 shares for 0% of their portfolio. Seizert Cap Ltd Llc owns 31,175 shares or 0.02% of their US portfolio. Tower Rech Cap Ltd Liability Company (Trc) holds 1,023 shares or 0% of its portfolio. Deutsche Comml Bank Ag has 0% invested in Fonar Corporation (NASDAQ:FONR) for 52,181 shares. Savings Bank Of America De holds 0% or 1,295 shares. Eagle Glob Advsrs Limited Liability reported 28,440 shares.

The stock of Fonar Corporation (NASDAQ:FONR) hit a new 52-week high and has $31.21 target or 8.00 % above today’s $28.90 share price. The 8 months bullish chart indicates low risk for the $188.28M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $31.21 price target is reached, the company will be worth $15.06 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 28,143 shares traded. Fonar Corporation (NASDAQ:FONR) has risen 51.43% since June 19, 2016 and is uptrending. It has outperformed by 34.73% the S&P500.

More notable recent Fonar Corporation (NASDAQ:FONR) news were published by: Seekingalpha.com which released: “Fonar: At Last, Light At The End Of The Tunnel?” on October 02, 2012, also Streetinsider.com with their article: “Fonar Corp. (FONR) Names Timothy Damadian President/CEO” published on February 08, 2016, Seekingalpha.com published: “Stay Long Fonar, Prices Are Heading Higher” on October 03, 2013. More interesting news about Fonar Corporation (NASDAQ:FONR) were released by: Seekingalpha.com and their article: “Fonar: Not Too Many Reasons To Be A Buyer Anymore” published on February 27, 2016 as well as Seekingalpha.com‘s news article titled: “Fonar – Unknown And Undervalued” with publication date: September 10, 2014.

Fonar Corporation is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The company has market cap of $188.28 million. The Firm operates its business through two divisions: Medical Equipment segment, and Physician Management and Diagnostic Services segment. It has a 10.18 P/E ratio. The Company’s Medical Equipment segment is conducted through Fonar.

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