Nano Dimension (NASDAQ:NNDM - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.
Nano Dimension Price Performance
NASDAQ NNDM remained flat at $1.59 on Friday. 918,736 shares of the company were exchanged, compared to its average volume of 1,614,594. The firm has a market cap of $337.81 million, a price-to-earnings ratio of -3.88 and a beta of 1.73. Nano Dimension has a 12-month low of $1.34 and a 12-month high of $2.74. The stock's fifty day moving average price is $1.56 and its two-hundred day moving average price is $2.06.
Nano Dimension (NASDAQ:NNDM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported ($0.04) EPS for the quarter. Nano Dimension had a negative return on equity of 9.57% and a negative net margin of 152.86%. The business had revenue of $14.57 million for the quarter.
Hedge Funds Weigh In On Nano Dimension
A number of large investors have recently modified their holdings of NNDM. JPMorgan Chase & Co. boosted its stake in shares of Nano Dimension by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,330 shares of the technology company's stock worth $253,000 after buying an additional 5,437 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Nano Dimension in the 4th quarter valued at about $50,000. Kingsview Wealth Management LLC lifted its stake in Nano Dimension by 67.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 37,567 shares of the technology company's stock valued at $93,000 after purchasing an additional 15,174 shares during the last quarter. Blue Trust Inc. lifted its stake in Nano Dimension by 188.6% in the 4th quarter. Blue Trust Inc. now owns 18,862 shares of the technology company's stock valued at $47,000 after purchasing an additional 12,326 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in Nano Dimension in the 4th quarter valued at about $174,000. 33.89% of the stock is currently owned by institutional investors and hedge funds.
About Nano Dimension
(
Get Free Report)
Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.
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