Fonar Corporation

NASDAQ FONR

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Fonar Corporation Market Capitalization on June 03, 2024: USD 95.37 M

Fonar Corporation Market Capitalization is USD 95.37 M on June 03, 2024, a -16.71% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.
  • Fonar Corporation 52-week high Market Capitalization is USD 148.45 M on February 27, 2024, which is 55.66% above the current Market Capitalization.
  • Fonar Corporation 52-week low Market Capitalization is USD 80.77 M on October 25, 2023, which is -15.31% below the current Market Capitalization.
  • Fonar Corporation average Market Capitalization for the last 52 weeks is USD 113.87 M.
NASDAQ: FONR

Fonar Corporation

CEO Mr. Timothy R. Damadian
IPO Date Jan. 1, 1987
Location United States
Headquarters 110 Marcus Drive, Melville, NY, United States, 11747
Employees 561
Sector Healthcare
Industry Diagnostics & research
Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.

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StockViz Staff

September 16, 2024

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