FONAR Corporation (NASDAQ: FONR) announced today that effective February 11, 2016, Timothy Damadian, the elder son of Dr. Raymond V. Damadian, has been named President and Chief Executive Officer of FONAR Corporation. Dr. Damadian, the ...
Fonar continues to do well with its medical diagnostic business, but its MRI business is basically non-existent. While its medical diagnostic business is the main reason the stock went to higher levels, I always envisioned higher MRI sales as well.
FONAR (NASDAQ:FONR) is one of those stocks from my investment childhood. In fact, it's probably the first stock I ever speculated on, when I opened my first brokerage account many years ago (early 90s).
Fonar Corporation (NASDAQ:FONR) is engaged in the research, development, productions, and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection of and diagnosis of human diseases.
This is a snapshot to compare the stock returns for AxoGen Inc (NASDAQ:AXGN) versus Fonar Corporation (NASDAQ:FONR) . The stock return points we compare look at the last three-months, six-months and twelve-months.