Nano-X Imaging (NASDAQ:NNOX) Sets New 1-Year Low at $11.70

Nano-X Imaging Ltd. (NASDAQ:NNOX) shares hit a new 52-week low on Friday . The company traded as low as $11.70 and last traded at $11.72, with a volume of 17983 shares trading hands. The stock had previously closed at $12.14.

Several research analysts have recently issued reports on NNOX shares. Lifesci Capital cut shares of Nano-X Imaging from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 17th. Zacks Investment Research downgraded Nano-X Imaging from a “hold” rating to a “sell” rating in a research note on Wednesday, January 5th.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 17.96 and a current ratio of 17.96. The business has a 50-day moving average price of $18.17 and a 200-day moving average price of $23.07.

Nano-X Imaging (NASDAQ:NNOX) last posted its earnings results on Tuesday, November 16th. The company reported ($0.28) EPS for the quarter, hitting the consensus estimate of ($0.28). During the same period last year, the business earned ($0.29) EPS. On average, research analysts forecast that Nano-X Imaging Ltd. will post -1.15 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of Nano-X Imaging by 53.3% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 34,635 shares of the company’s stock worth $779,000 after acquiring an additional 12,035 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Nano-X Imaging by 6.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 11,600 shares of the company’s stock valued at $261,000 after purchasing an additional 667 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Nano-X Imaging by 6.7% in the 3rd quarter. LPL Financial LLC now owns 21,964 shares of the company’s stock valued at $494,000 after purchasing an additional 1,381 shares during the last quarter. Man Group plc lifted its holdings in shares of Nano-X Imaging by 282.0% in the 3rd quarter. Man Group plc now owns 30,480 shares of the company’s stock valued at $686,000 after purchasing an additional 22,500 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Nano-X Imaging by 16.4% in the 3rd quarter. California State Teachers Retirement System now owns 37,436 shares of the company’s stock valued at $842,000 after purchasing an additional 5,268 shares during the last quarter. 13.02% of the stock is owned by institutional investors and hedge funds.

Nano-X Imaging Company Profile (NASDAQ:NNOX)

Nano-X Imaging Ltd., a development-stage company, develops, produces, and commercializes digital X-ray source technology for the medical imaging industry worldwide. Its X-ray source is based on a novel digital MEMs semiconductor cathode. The company also develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.

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