Nanophase Technologies Reports Quarterly Earnings

Nanophase Technologies (OTCMKTS:NANX) released its quarterly earnings report on Wednesday. According to the data provided, the industrial products company recorded earnings of $(0.01) per share for the quarter, as reported by Zacks. The firm posted a net margin of 5.59%, coupled with a return on equity of 31.49%.

Nanophase Technologies Stock Performance

During mid-day trading on Wednesday, NANX shares saw a slight increase of $0.01, reaching a price of $2.87. A total of 2,936 shares changed hands, significantly lower than the average trading volume of 24,219 shares. The company’s stock has a fifty-day moving average of $2.73, and its 200-day moving average is $2.31. Over the past twelve months, the stock has recorded a low of $0.67 and a high of $3.15. Currently, Nanophase Technologies has a market capitalization of $200.93 million, a price-to-earnings ratio of 143.57, and a beta of 1.36.

About Nanophase Technologies

Nanophase Technologies Corporation is a science-driven organization engaged in developing, manufacturing, and selling a wide range of nanomaterial technologies within the United States. The company specializes in engineered materials, formulation development, and commercial manufacturing. Its product line includes engineered nanomaterials such as antimony, bismuth, cerium, iron, and zinc oxide, which are utilized in various markets including surface finishing, exterior coatings, personal care products, plastics, scratch-resistant coatings, and textiles.

Investment Considerations

Before considering an investment in Nanophase Technologies, investors should take note that the current consensus ratings among analysts suggest a Hold status for the stock. While the company has its merits, there are alternative stocks that top analysts are currently recommending that are perceived to offer better investment opportunities. It is important to thoroughly research and consider various options before making financial decisions.

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