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Stock impact report

Novanta: An Interesting But Expensive Hidden Gem [Seeking Alpha]

Novanta Inc. - Common Shares (NOVT) 
Last novanta inc. - common shares earnings: 2/26 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: investors.novanta.com
Company Research Source: Seeking Alpha
The company's valuations have been high, but recent performance has been tougher, leading to a sell-off in shares. Novanta recently announced an acquisition of Motion Solutions, which could contribute to future growth, but near-term earnings accretion likely will be limited. Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More » Shares of Novanta ( NASDAQ: NOVT have seen a huge and successful transition over the past decade, delivering on handsome returns for investors in the process. The company has built up interesting niche positions in secular long-term growth markets, although this has been more than recognized by the market, which has awarded shares ever higher multiples in recent years. These valuations are quite demanding as Novanta has seen a tougher 2023 so far, albeit it announced an interesting deal, warranting a continued review of the business. About Novanta Novant Show less Read more
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