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

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

Wall Street Analyst Weigh In

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

Nano-X Imaging Trading Down 7.6 %

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 price-to-earnings ratio of -9.07 and a beta of 2.15. The business has a 50 day moving average price of $9.65 and a 200-day moving average price of $7.36.

Institutional Investors Weigh In On Nano-X Imaging

Large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado purchased a new position in Nano-X Imaging in the fourth quarter valued at about $26,000. Quantbot Technologies LP boosted its holdings in Nano-X Imaging by 691.1% in the first 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 last quarter. Tower Research Capital LLC TRC boosted its holdings in Nano-X Imaging by 202.1% in the third 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 last quarter. Royal Bank of Canada boosted its holdings in Nano-X Imaging by 77.3% in the second quarter. Royal Bank of Canada now owns 4,763 shares of the company's stock valued at $74,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new position in Nano-X Imaging in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 21.49% of the company's stock.

About Nano-X Imaging

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.