Nanophase Technologies (OTCMKTS:NANX) Reports Quarterly Earnings Results

Nanophase Technologies (OTCMKTS:NANX - Get Free Report) released its earnings results for the latest quarter on Wednesday. According to Zacks, the industrial products company reported earnings of ($0.01) per share for this period. Additionally, the company achieved a net margin of 5.59% and a return on equity of 31.49%. This performance reflects Nanophase's ability to manage its expenses effectively while generating profits in its niche market of nanotechnology.

Price Performance of Nanophase Technologies

During mid-day trading on Wednesday, NANX stock saw a slight increase of $0.01, bringing its price to $2.87. The volume of shares exchanged reached 2,936, which is lower than the average trading volume of 24,219 shares. Over recent months, the stock has demonstrated a fifty-day moving average price of $2.73 and a two-hundred-day moving average price of $2.31. Nanophase Technologies has experienced a twelve-month low of $0.67 and a high of $3.15. Currently, the company's market capitalization stands at approximately $200.93 million, and it has a price-to-earnings ratio of 143.57 alongside a beta of 1.36, indicating its relative volatility in the market.

About Nanophase Technologies

Nanophase Technologies Corporation is a science-driven company based in the United States. It specializes in the development, manufacturing, and commercialization of a variety of nanomaterial technologies. The company engages in formulating engineered materials and offers commercial manufacturing services. Its range of products includes engineered nanomaterials such as antimony, bismuth, cerium, iron, and zinc oxide. These materials serve diverse markets, including surface finishing, exterior coatings, personal care, plastics, scratch-resistant coatings, and textiles.

Investment Considerations

Before making investment decisions related to Nanophase Technologies, potential investors are encouraged to evaluate their portfolio strategies carefully. Although the company currently has a Hold rating from analysts, some top-rated analysts are suggesting that there might be other more promising stocks in the market worth considering. Keeping abreast of broader market trends can help in making informed investment choices.

Nanophase, Earnings, Stock