Nano Dimension (NASDAQ:NNDM) Posts Earnings Results

Nano Dimension (NASDAQ:NNDM) posted its earnings results on Thursday. The technology company reported ($0.11) earnings per share for the quarter, Zacks reports. The business had revenue of $14.40 million for the quarter. Nano Dimension had a negative return on equity of 9.57% and a negative net margin of 152.86%.

Nano Dimension Trading Down 7.7%

NNDM stock opened at $1.44 on Friday. The firm has a market capitalization of $312.89 million, a PE ratio of -3.51 and a beta of 1.13. Nano Dimension has a 1-year low of $1.34 and a 1-year high of $2.74. The business’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $2.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in Nano Dimension in the 1st quarter valued at $130,000. Rhumbline Advisers grew its holdings in Nano Dimension by 87.1% in the 1st quarter. Rhumbline Advisers now owns 40,587 shares of the technology company’s stock valued at $65,000 after buying an additional 18,889 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in Nano Dimension in the 1st quarter valued at $63,000. 33.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Nano Dimension from a “hold” rating to a “sell” rating in a report on Monday, June 9th.

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.