Novanta Shares Pop On Inclusion Into S&P MidCap 400
- Novanta Inc (NASDAQ:NOVT) braces to replace Six Flags Entertainment Corp (NYSE:SIX) in the S&P MidCap 400 effective before trading on July 26.
- Six Flags will replace Natus Medical Inc (NASDAQ:NTUS) in the S&P SmallCap 600.
- ArchiMed snapped Natus Medical in a deal that closed today.
- Novanta clocked 26% revenue growth to $204.2 million in the first quarter of FY22, beating the consensus of $196.1 million. Adjusted EPS of $0.73 beat the consensus of $0.63.
- Price Action: NOVT shares traded higher by 9.74% at $150.25 in the premarket on the last check Friday.