Micronetics Inc. Stock Upgraded (NOIZ)

NEW YORK ( TheStreet) -- Micronetics (Nasdaq: NOIZ) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • NOIZ's very impressive revenue growth exceeded the industry average of 41.1%. Since the same quarter one year prior, revenues leaped by 58.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 900.00% and other important driving factors, this stock has surged by 118.54% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, NOIZ should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • MICRONETICS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, MICRONETICS INC increased its bottom line by earning $0.33 versus $0.25 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 793.1% when compared to the same quarter one year prior, rising from $0.10 million to $0.90 million.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, MICRONETICS INC's return on equity exceeds that of both the industry average and the S&P 500.
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Micronetics, Inc. engages in the design and manufacture of radio frequency (RF) and microwave components and sub-assemblies for defense and commercial customers. The company has a P/E ratio of 13.7, below the average electronics industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7. Micronetics has a market cap of $38.4 million and is part of the technology sector and electronics industry. Shares are up 12.1% year to date as of the close of trading on Monday.

You can view the full Micronetics Ratings Report or get investment ideas from our investment research center.
-- Written by a member of TheStreet RatingsStaff

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