The Nanosonics (ASX:NAN) share price is down 25% this year

It has been a frustrating few months for shareholders of ASX healthcare company Nanosonics Ltd. (ASX: NAN), with the ongoing effects of the COVID-19 pandemic continuing to drive volatility in the Nanosonics share price.

After surging to a record high price of $8.25 in early January, the Nanosonic share price has slid 25% lower to just $6.16 as at the time of writing. Even some promising first-half FY21 results haven’t been enough to pull Nanosonic shares out of their nosedive.

Company background

Nanosonics is a healthcare company specialising in hospital-grade disinfection technologies for ultrasound devices. Its technology aims to reduce the number of outbreaks of preventable infections that occur in medical institutions.

The…