NasdaqGS:NOVTElectronic
Is Novanta (NOVT) Still Priced Too Rich After Its Strong Year To Date Run?
If you are wondering whether Novanta's current share price still makes sense, this article will walk through what the numbers are actually saying about its value.
The stock most recently closed at US$146.39, with returns of 3.5% over 7 days, 11.5% over 30 days, 31.7% year to date and 2.2% over 1 year. The 3 year and 5 year returns sit at a 10.5% decline and 1.6% respectively.
These price moves come against a backdrop of ongoing investor interest in Novanta's position in the tech sector and...