Nano Dimension's (NNDM) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Nano Dimension's stock has been reaffirmed with a "sell (D)" rating by Weiss Ratings, indicating a continued bearish outlook from investment analysts.
• In contrast, Wall Street Zen recently upgraded Nano Dimension's rating from "sell" to "hold," reflecting a slightly more optimistic view from another analyst.
• Despite the mixed ratings, institutional investors have been actively trading Nano Dimension shares, with several firms significantly increasing their holdings in recent quarters.

Nano Dimension (NASDAQ:NNDM - Get Free Report)'s stock had its "sell (d)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Nano Dimension from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Nano Dimension has a consensus rating of "Sell".

Nano Dimension Trading Up 1.2%

Shares of Nano Dimension stock opened at $1.71 on Wednesday. The company's 50-day moving average price is $1.45 and its 200-day moving average price is $1.51. The company has a market cap of $373.40 million, a price-to-earnings ratio of -1.66 and a beta of 1.64. Nano Dimension has a 12-month low of $1.31 and a 12-month high of $2.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NNDM. GAMMA Investing LLC grew its holdings in shares of Nano Dimension by 115.7% in the second quarter. GAMMA Investing LLC now owns 20,336 shares of the technology company's stock worth $33,000 after purchasing an additional 10,906 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings 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 during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Nano Dimension by 188.2% in the second quarter. Daiwa Securities Group Inc. now owns 38,893 shares of the technology company's stock worth $63,000 after purchasing an additional 25,397 shares during the last quarter. Invesco Ltd. bought a new position in shares of Nano Dimension in the first quarter worth approximately $63,000. Finally, Rhumbline Advisers grew its holdings in shares of Nano Dimension by 87.1% in the first quarter. Rhumbline Advisers now owns 40,587 shares of the technology company's stock worth $65,000 after purchasing an additional 18,889 shares during the last quarter. 33.89% of the stock is currently owned by institutional investors.

About Nano Dimension

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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