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

Key Points

• Nano Dimension's stock has been given a "sell (D)" rating by Weiss Ratings, indicating a negative outlook by analysts for the company's future performance.
• The stock is currently trading at $1.68 with a market capitalization of approximately $366.84 million, reflecting ongoing concerns regarding its valuation.
• Recent activity shows that large institutional investors have altered their positions in the company, with 33.89% of shares owned by institutional investors and hedge funds, highlighting ongoing interest despite the poor rating.

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

Nano Dimension Stock Performance

Shares of NNDM opened at $1.68 on Friday. The stock has a market capitalization of $366.84 million, a P/E ratio of -1.63 and a beta of 1.64. The company's fifty day moving average is $1.55 and its two-hundred day moving average is $1.52. Nano Dimension has a 1 year low of $1.31 and a 1 year high of $2.74.

Institutional Investors Weigh In On Nano Dimension

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Nano Dimension in the 3rd quarter valued at about $48,000. Osaic Holdings Inc. lifted its holdings in Nano Dimension by 41.0% in the 2nd quarter. Osaic Holdings Inc. now owns 65,184 shares of the technology company's stock valued at $106,000 after purchasing an additional 18,951 shares in the last quarter. Tactive Advisors LLC purchased a new position in Nano Dimension in the 2nd quarter valued at about $1,115,000. Tidal Investments LLC lifted its holdings in Nano Dimension by 39.8% in the 2nd quarter. Tidal Investments LLC now owns 268,324 shares of the technology company's stock valued at $435,000 after purchasing an additional 76,407 shares in the last quarter. Finally, Man Group plc lifted its holdings in Nano Dimension by 25.3% in the 2nd quarter. Man Group plc now owns 714,134 shares of the technology company's stock valued at $1,157,000 after purchasing an additional 144,274 shares in the last quarter. 33.89% of the stock is owned by institutional investors and hedge funds.

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.

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