23,366 Shares in Nano-X Imaging Ltd. (NASDAQ:NNOX) Purchased by Franklin Resources Inc.

Franklin Resources Inc. bought a new stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) in the third quarter, HoldingsChannel.com reports. The fund bought 23,366 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new position in Nano-X Imaging during the 3rd quarter valued at about $25,000. Verition Fund Management LLC bought a new position in Nano-X Imaging in the 3rd quarter worth approximately $88,000. Creative Planning bought a new position in Nano-X Imaging in the 3rd quarter worth approximately $107,000. Intech Investment Management LLC acquired a new stake in Nano-X Imaging in the 3rd quarter valued at approximately $124,000. Finally, SG Americas Securities LLC bought a new stake in Nano-X Imaging during the 3rd quarter valued at $124,000. 21.49% of the stock is owned by institutional investors.

Nano-X Imaging Stock Performance

NASDAQ NNOX opened at $8.87 on Friday. Nano-X Imaging Ltd. has a 1 year low of $5.26 and a 1 year high of $14.28. The business’s fifty day moving average is $6.56 and its two-hundred day moving average is $6.77. The stock has a market capitalization of $512.50 million, a P/E ratio of -10.44 and a beta of 2.02.

Analyst Upgrades and Downgrades

Separately, 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 report on Friday, December 6th.

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.