Share to buy: Nanosonics (NAN)
Posted on April 15, 2016
December quarter sales were up 41% on the prior quarter, as North American direct sales gained momentum.
The company’s move into the US market seems to be paying off, with gross margins improving significantly.
The next driver of share price could be publication of decontamination guidelines in the UK and Scotland favourable to Nanosonic products.
Technically, the stock remains strong and has broken out to fresh all-time highs recently on rising volumes.