Nanophase Technologies Reports Quarterly Earnings Results

Nanophase Technologies (OTCMKTS:NANX - Get Free Report) released its quarterly earnings on Wednesday. According to Zacks, the industrial products company reported a loss of ($0.01) earnings per share for the quarter. The company achieved a net margin of 5.59% and a return on equity of 31.49%.

Stock Performance of Nanophase Technologies

On the day of the earnings announcement, NANX stock saw an uptick of $0.01 during mid-day trading, reaching a price of $2.87. A total of 2,936 shares changed hands, in contrast to the average trading volume of 24,219. Nanophase Technologies has a fifty-day moving average of $2.73 and a 200-day moving average of $2.31. The stock recorded a 12-month low of $0.67 and a 12-month high of $3.15. Currently, Nanophase Technologies has a market capitalization of $200.93 million, with a price-to-earnings ratio of 143.57 and a beta of 1.36.

About Nanophase Technologies

Nanophase Technologies Corporation is a science-driven company based in the United States. It specializes in the development, manufacturing, and sale of an integrated range of nanomaterial technologies. The company produces engineered nanomaterial products, which include materials like antimony, bismuth, cerium, iron, and zinc oxide. These products serve a variety of markets such as surface finishing, exterior coatings, personal care, plastics, scratch-resistant coatings, and textiles.

Investment Considerations

Before making any investment decisions regarding Nanophase Technologies, it's important to consider various factors. Currently, analysts have given Nanophase Technologies a Hold rating. There may be other stocks that analysts recommend more highly based on performance expectations.

Earnings, Stocks, Nanotechnology