Medical Equipment Doubler (FONR)

One of my stock screener variables is volume, I tend to look for stocks trading over 100K shares average.  Maybe I need to lower that to anything greater than one...

FONR was up well over 100% today but there has been no volume or news so I would not have been on my radar scope anyway...

They are the maker of the upright MRI http://www.fonar.com/

For Your Info from Google Finance:

Fonar Corporation (Fonar) operates in two business segments: medical equipment segment, and physician management and diagnostic services segment. Fonar is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease. The product Fonar is promoting is its Upright MRI. Health Management Corporation (HMCA) was established as a wholly owned subsidiary to enable the Company to expand into the business of providing management services to medical providers. HMCA provides management services, administrative services, office space, equipment, repair, maintenance service and clerical and other non-medical personnel to medical providers. Since July 28, 2005, following the sale of HMCA's physical therapy and rehabilitation business, HMCA has elected to provide its services solely to diagnostic imaging centers.
 
and some interesting trivia:
 
Fonar was a dispute between medical device manufacturer Fonar Corporation and General Electric over Fonar's patent on MRI technology. Fonar's founder, Raymond Damadian, was issued U.S. Patent 3,789,832 [1] for an "apparatus and method for detecting cancer in tissue" using the magnetic resonance of atoms. Damadian's patent was the first patent on an MRI machine issued in the United States [2]. Also at issue was a later patent, U.S. Patent 4,871,966 [3] issued in 1989, covering a method for obtaining MRI images in a single scan. GE is a major manufacturer of MRI scanners, and Fonar sued GE for infringing these patents by producing its scanners as well as inducing others to infringe.
 
Happy Trading...