Newton Golf (NASDAQ:NWTG) Stock Picked Up by Analysts at Zacks Research

Research analysts at Zacks Research assumed coverage on shares of Newton Golf (NASDAQ:NWTG) in a report released on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newton Golf in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Newton Golf Stock Down 6.1%

Shares of NASDAQ:NWTG opened at $0.97 on Wednesday. Newton Golf has a 1 year low of $0.63 and a 1 year high of $1.94. The stock’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.20.

Newton Golf (NASDAQ:NWTG) last released its quarterly earnings data on Thursday, November 12th. The company reported ($0.23) EPS for the quarter. The business had revenue of $1.37 million during the quarter. Newton Golf had a negative return on equity of 476.84% and a negative net margin of 124.42%. On average, analysts forecast that Newton Golf will post -0.48 EPS for the current year.

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.