Nano-X Imaging (NASDAQ:NNOX) Announces Earnings Results, Misses Expectations By $0.19 EPS

Nano-X Imaging (NASDAQ:NNOX – Get Rating) released its quarterly earnings results on Thursday. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.19), Fidelity Earnings reports. During the same quarter in the prior year, the firm earned ($0.27) EPS.

NASDAQ NNOX opened at $11.10 on Friday. The company’s 50-day moving average price is $10.22 and its 200-day moving average price is $13.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 1.80. Nano-X Imaging has a 12 month low of $8.23 and a 12 month high of $34.50.

Separately, Zacks Investment Research downgraded shares of Nano-X Imaging from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP grew its holdings in Nano-X Imaging by 691.1% during the 1st quarter. Quantbot Technologies LP now owns 4,462 shares of the company’s stock worth $48,000 after acquiring an additional 3,898 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Nano-X Imaging in the 1st quarter valued at about $218,000. Goldman Sachs Group Inc. boosted its holdings in shares of Nano-X Imaging by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,178 shares of the company’s stock valued at $533,000 after buying an additional 37,666 shares in the last quarter. State Street Corp boosted its holdings in shares of Nano-X Imaging by 5.3% in the 1st quarter. State Street Corp now owns 220,110 shares of the company’s stock valued at $2,386,000 after buying an additional 10,980 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Nano-X Imaging by 245.6% in the 1st quarter. Renaissance Technologies LLC now owns 568,990 shares of the company’s stock valued at $6,168,000 after buying an additional 404,362 shares in the last quarter. Hedge funds and other institutional investors own 13.50% of the company’s stock.

Nano-X Imaging Company Profile (Get Rating)

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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