Nano-X Imaging (NASDAQ:NNOX) Shares Down 4.1%

Nano-X Imaging Ltd. (NASDAQ:NNOX)’s stock price traded down 4.1% during mid-day trading on Friday . The stock traded as low as $10.06 and last traded at $10.08. 129,662 shares traded hands during trading, a decline of 96% from the average session volume of 3,600,181 shares. The stock had previously closed at $10.51.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 target price on shares of Nano-X Imaging in a research report on Thursday, February 15th.

Nano-X Imaging Stock Performance

The company has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $7.37. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.02. The firm has a market cap of $535.51 million, a PE ratio of -9.07 and a beta of 2.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado bought a new stake in shares of Nano-X Imaging in the fourth quarter valued at $26,000. FMR LLC raised its stake in shares of Nano-X Imaging by 13,763.6% during the 1st quarter. FMR LLC now owns 7,625 shares of the company’s stock valued at $44,000 after purchasing an additional 7,570 shares during the period. Quantbot Technologies LP raised its stake in shares of Nano-X Imaging by 691.1% during the 1st quarter. Quantbot Technologies LP now owns 4,462 shares of the company’s stock valued at $48,000 after purchasing an additional 3,898 shares during the period. Point72 Middle East FZE purchased a new position in Nano-X Imaging during the fourth quarter worth about $50,000. Finally, Tower Research Capital LLC TRC grew its position in Nano-X Imaging by 202.1% during the third quarter. Tower Research Capital LLC TRC now owns 4,613 shares of the company’s stock worth $53,000 after buying an additional 3,086 shares in the last quarter. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Company Profile

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.