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) -- Shares of

Fonar Corporation



) have taken a tremendous swing upward. The stock is trading at $5.17 as of 2:20 p.m. ET, 21.1% above Tuesday's closing price of $4.27. Volume is at 672,362, 1.5 times the daily average of 444,600.

Fonar has a market cap of $25.6 million and is part of the

health care

sector and

health services

industry. Shares are up 150.6% year to date as of the close of trading on Tuesday.

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FONAR Corporation engages in the research, development, production, marketing, and service of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases. The company has a P/E ratio of six, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fonar as a


. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and increase in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Fonar Ratings Report


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