The Vice-President & Chief Accounting Officer of Novanta is Exercising Options

Today it was reported that the Vice-President & Chief Accounting Officer of Novanta (NOVTResearch Report), Peter L Chang, exercised options to sell 1,137 NOVT shares for a total transaction value of $157.5K.

Following Peter L Chang’s last NOVT Sell transaction on August 12, 2020, the stock climbed by 19.8%. Following this transaction Peter L Chang’s holding in the company was decreased by 10% to a total of $1.99 million.

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The company has a one-year high of $146.16 and a one-year low of $66.44. The Company has a Price to Book ratio of 227.31. NOVT’s market cap is $4.72 billion and the company has a P/E ratio of 123.20.

The insider sentiment on Novanta has been negative according to 92 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment a range of medical grade technologies, including medical insufflators, pumps and related disposables; surgical displays and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal printers; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.