Nano Dimension (NASDAQ:NNDM) Downgraded by Wall Street Zen to "Sell"

Nano Dimension (NASDAQ:NNDM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Monday.

Nano Dimension Price Performance

NASDAQ NNDM opened at $1.51 on Monday. The business's fifty day moving average price is $1.54 and its 200-day moving average price is $2.03. The stock has a market capitalization of $328.10 million, a price-to-earnings ratio of -3.68 and a beta of 1.13. Nano Dimension has a 1-year low of $1.34 and a 1-year high of $2.74.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported ($0.04) earnings per share for the quarter. The firm had revenue of $14.57 million for the quarter. Nano Dimension had a negative net margin of 152.86% and a negative return on equity of 9.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NNDM. Geode Capital Management LLC increased its stake in shares of Nano Dimension by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 500,526 shares of the technology company's stock worth $1,241,000 after purchasing an additional 4,870 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of Nano Dimension in the fourth quarter worth $25,000. Kingswood Wealth Advisors LLC increased its stake in shares of Nano Dimension by 50.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 30,000 shares of the technology company's stock worth $47,000 after purchasing an additional 10,000 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Nano Dimension in the fourth quarter worth $25,000. Finally, Graham Capital Management L.P. increased its stake in shares of Nano Dimension by 76.3% in the fourth quarter. Graham Capital Management L.P. now owns 24,356 shares of the technology company's stock worth $60,000 after purchasing an additional 10,539 shares in the last quarter. 33.89% of the stock is currently owned by institutional investors.

Nano Dimension Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.