Nano-X Imaging (NASDAQ:NNOX) Shares Down 5.9%

Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report)'s stock price was down 5.9% during mid-day trading on Tuesday . The stock traded as low as $9.46 and last traded at $9.72. Approximately 363,861 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 3,812,811 shares. The stock had previously closed at $10.33.

Analyst Ratings Changes

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

Nano-X Imaging Price Performance

The firm has a market cap of $547.09 million, a price-to-earnings ratio of -5.67 and a beta of 2.15. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $8.86 and a 200 day moving average of $7.15.

Institutional Trading of Nano-X Imaging

Several hedge funds have recently added to or reduced their stakes in NNOX. Public Employees Retirement Association of Colorado acquired a new stake in shares of Nano-X Imaging in the 4th quarter valued at about $26,000. FMR LLC raised its stake in shares of Nano-X Imaging by 13,763.6% in 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% in 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 acquired a new stake in shares of Nano-X Imaging in the 4th quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Nano-X Imaging by 202.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,613 shares of the company's stock valued at $53,000 after purchasing an additional 3,086 shares during the period. Institutional investors and hedge funds 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.