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Novanta Shares Pop On Inclusion Into S&P MidCap 400

Author: Anusuya Lahiri | July 22, 2022 09:12am

Novanta Inc (NASDAQ:NOVT) braces to replace Six Flags Entertainment Corp (NYSE:SIX) in the S&P MidCap 400 effective before trading on July 26.
Six Flags will replace Natus Medical Inc (NASDAQ:NTUS) in the S&P SmallCap 600.
ArchiMed snapped Natus Medical in a deal that closed today.
Novanta clocked 26% revenue growth to $204.2 million in the first quarter of FY22, beating the consensus of $196.1 million. Adjusted EPS of $0.73 beat the consensus of $0.63.
Price Action: NOVT shares traded higher by 9.74% at $150.25 in the premarket on the last check Friday.

Posted In: NOVT NTUS SIX