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

Key Points

• Wall Street Zen downgraded Nano Dimension from a "hold" to a "sell" and Weiss Ratings also reaffirmed a "sell", leaving the stock with a MarketBeat consensus rating of Sell.
• The company reported a quarterly loss of ($1.06) EPS on $35.32 million in revenue, a negative net margin of 326.38%, and a market cap of about $349 million with shares trading near $1.66.
• Despite the sell ratings, several institutions have increased positions—most notably State Street, which boosted its stake by 2,278.5% to 10.36 million shares—and institutional investors now own about 33.89% of the stock.

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 note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Nano Dimension in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Nano Dimension Price Performance

Shares of Nano Dimension stock opened at $1.66 on Friday. The business has a 50-day moving average of $1.84 and a 200-day moving average of $1.74. The company has a market capitalization of $349.16 million, a PE ratio of -1.36 and a beta of 0.98. Nano Dimension has a 1-year low of $1.31 and a 1-year high of $2.32.

Nano Dimension (NASDAQ:NNDM - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The technology company reported ($1.06) EPS for the quarter. The business had revenue of $35.32 million during the quarter. Nano Dimension had a negative return on equity of 7.57% and a negative net margin of 326.38%.

Institutional Trading of Nano Dimension

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in Nano Dimension by 2,278.5% during the 4th quarter. State Street Corp now owns 10,362,517 shares of the technology company's stock worth $15,958,000 after buying an additional 9,926,849 shares during the last quarter. Immersion Corp increased its holdings in shares of Nano Dimension by 343.3% in the 2nd quarter. Immersion Corp now owns 6,020,142 shares of the technology company's stock valued at $9,753,000 after acquiring an additional 4,662,090 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Nano Dimension by 67.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,767,833 shares of the technology company's stock valued at $7,485,000 after acquiring an additional 1,918,091 shares in the last quarter. Man Group plc raised its position in shares of Nano Dimension by 133.3% during the 4th quarter. Man Group plc now owns 1,946,899 shares of the technology company's stock valued at $2,998,000 after acquiring an additional 1,112,331 shares in the last quarter. Finally, Clearline Capital LP lifted its stake in Nano Dimension by 19.0% during the third quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company's stock worth $10,200,000 after purchasing an additional 1,035,581 shares during the last quarter. Institutional investors and hedge funds own 33.89% of the company's stock.

About Nano Dimension

Nano Dimension Ltd. NASDAQ: NNDM is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.