Hyperfine (NASDAQ:HYPR) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hyperfine (NASDAQ:HYPR) posted its earnings results on Monday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Zacks reports. Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%.

Hyperfine Stock Performance

NASDAQ HYPR traded up $0.36 during trading hours on Monday, hitting $1.28. The company had a trading volume of 39,696,154 shares, compared to its average volume of 326,607. Hyperfine has a 1-year low of $0.76 and a 1-year high of $1.90. The company has a market cap of $93.37 million, a PE ratio of -2.25 and a beta of 0.94. The business has a 50 day moving average of $1.07 and a 200-day moving average of $1.01.

About Hyperfine

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.