Nano Dimension (NASDAQ:NNDM) Posts Earnings Results

Key Points

• Nano Dimension reported a quarterly earnings loss of ($0.01) earnings per share (EPS), with a negative return on equity of 9.90% and a net margin of 144.35%.
• Shares of Nano Dimension (NASDAQ:NNDM) increased slightly to $1.49, with a market capitalization of $322.66 million and a 12-month price range between $1.31 and $2.74.
• Institutional investors hold 33.89% of the company, with notable increases in stakes by firms like Daiwa Securities Group and Osaic Holdings in recent quarters.

Nano Dimension (NASDAQ:NNDM - Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported ($0.01) EPS for the quarter, Zacks reports. The business had revenue of $25.84 million during the quarter. Nano Dimension had a negative return on equity of 4.98% and a negative net margin of 318.62%.During the same period in the previous year, the company posted ($0.20) earnings per share.

Nano Dimension Stock Down 0.4%

Nano Dimension stock traded down $0.01 during midday trading on Friday, hitting $1.41. The company's stock had a trading volume of 1,593,547 shares, compared to its average volume of 2,030,221. The stock's 50-day moving average price is $1.43 and its 200-day moving average price is $1.56. Nano Dimension has a 12 month low of $1.31 and a 12 month high of $2.74. The company has a market capitalization of $305.28 million, a PE ratio of -1.35 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Nano Dimension from a "sell" rating to a "hold" rating in a report on Saturday, June 21st.

Institutional Investors Weigh In On Nano Dimension

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. bought a new stake in Nano Dimension in the first quarter worth about $63,000. Daiwa Securities Group Inc. raised its holdings in shares of Nano Dimension by 188.2% during the second quarter. Daiwa Securities Group Inc. now owns 38,893 shares of the technology company's stock valued at $63,000 after acquiring an additional 25,397 shares during the period. Rhumbline Advisers raised its holdings in shares of Nano Dimension by 87.1% during the first quarter. Rhumbline Advisers now owns 40,587 shares of the technology company's stock valued at $65,000 after acquiring an additional 18,889 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Nano Dimension during the second quarter valued at approximately $70,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Nano Dimension by 41.0% during the second quarter. Osaic Holdings Inc. now owns 65,184 shares of the technology company's stock valued at $106,000 after acquiring an additional 18,951 shares during the period. 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.