Griffin Asset Management Inc. Reduces Position in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Griffin Asset Management Inc. reduced its holdings in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 192,359 shares of the company’s stock after selling 5,030 shares during the period. Griffin Asset Management Inc.’s holdings in Nano-X Imaging were worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NNOX. Farther Finance Advisors LLC bought a new position in Nano-X Imaging during the 3rd quarter worth about $25,000. Verition Fund Management LLC acquired a new stake in shares of Nano-X Imaging during the third quarter worth $88,000. Gainplan LLC acquired a new stake in Nano-X Imaging during the 4th quarter worth about $92,000. Creative Planning acquired a new stake in shares of Nano-X Imaging during the third quarter worth about $107,000. Finally, SG Americas Securities LLC purchased a new position in Nano-X Imaging during the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NNOX. D. Boral Capital initiated coverage on Nano-X Imaging in a research note on Monday, January 6th. They set a “buy” rating and a $23.00 target price for the company. Cantor Fitzgerald upped their price objective on shares of Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Nano-X Imaging Price Performance

Shares of Nano-X Imaging stock opened at $7.50 on Tuesday. The stock has a market capitalization of $433.35 million, a P/E ratio of -8.82 and a beta of 1.97. The business has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $6.94. Nano-X Imaging Ltd. has a 12 month low of $5.26 and a 12 month high of $14.28.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings data on Thursday, November 21st. The company reported ($0.23) EPS for the quarter. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. During the same period last year, the company earned ($0.37) earnings per share. As a group, research analysts anticipate that Nano-X Imaging Ltd. will post -0.92 EPS for the current fiscal year.

Nano-X Imaging 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.