Griffin Asset Management Inc. Sells 6,522 Shares of Nano-X Imaging Ltd. (NASDAQ:NNOX)

Griffin Asset Management Inc. reduced its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,389 shares of the company’s stock after selling 6,522 shares during the period. Griffin Asset Management Inc. owned about 0.34% of Nano-X Imaging worth $1,200,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NNOX. Price T Rowe Associates Inc. MD raised its stake in shares of Nano-X Imaging by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock worth $135,000 after acquiring an additional 1,612 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Nano-X Imaging by 17.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,000 shares of the company’s stock worth $156,000 after acquiring an additional 2,380 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Nano-X Imaging by 14.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company’s stock worth $148,000 after acquiring an additional 2,600 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Nano-X Imaging by 14.1% in the second quarter. Van ECK Associates Corp now owns 22,293 shares of the company’s stock worth $164,000 after acquiring an additional 2,755 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Nano-X Imaging by 3.9% in the second quarter. Rhumbline Advisers now owns 75,920 shares of the company’s stock worth $557,000 after acquiring an additional 2,818 shares during the last quarter. 21.49% of the stock is owned by institutional investors.

Nano-X Imaging Trading Up 3.2 %

Shares of NASDAQ NNOX opened at $6.18 on Wednesday. Nano-X Imaging Ltd. has a 1-year low of $4.89 and a 1-year high of $14.28. The company has a market cap of $357.07 million, a PE ratio of -5.78 and a beta of 2.00. The company has a 50-day moving average of $6.40 and a two-hundred day moving average of $7.82.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The business had revenue of $2.70 million for the quarter. Nano-X Imaging had a negative return on equity of 30.34% and a negative net margin of 567.41%. During the same period last year, the business posted ($0.31) earnings per share. As a group, equities research analysts forecast that Nano-X Imaging Ltd. will post -0.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $14.00 target price on shares of Nano-X Imaging in a research note on Monday, September 23rd.

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.