Nano Dimension (NASDAQ:NNDM) Stock Rating Lowered by Wall Street Zen

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

Nano Dimension Stock Up 2.0%

NASDAQ NNDM traded up $0.03 on Monday, hitting $1.56. 2,235,736 shares of the stock were exchanged, compared to its average volume of 1,624,906. Nano Dimension has a fifty-two week low of $1.34 and a fifty-two week high of $2.74. The company has a 50-day moving average price of $1.54 and a 200-day moving average price of $2.02. The company has a market cap of $338.96 million, a PE ratio of -3.80 and a beta of 1.13.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The technology company reported ($0.11) earnings per share for the quarter. Nano Dimension had a negative net margin of 152.86% and a negative return on equity of 9.57%.

Institutional Investors Weigh In On Nano Dimension

A number of institutional investors and hedge funds have recently bought and sold shares of NNDM. Kingsview Wealth Management LLC raised its position in shares of Nano Dimension by 67.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 37,567 shares of the technology company's stock valued at $93,000 after buying an additional 15,174 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Nano Dimension by 188.6% in the fourth quarter. Blue Trust Inc. now owns 18,862 shares of the technology company's stock worth $47,000 after acquiring an additional 12,326 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of Nano Dimension in the fourth quarter worth approximately $174,000. Raymond James Financial Inc. purchased a new stake in Nano Dimension in the fourth quarter valued at approximately $33,000. Finally, Kazazian Asset Management LLC acquired a new position in Nano Dimension during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 33.89% of the company's stock.

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.