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

Wall Street Zen lowered shares of Nano Dimension (NASDAQ:NNDM) from a hold rating to a sell rating in a report released 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.com, the stock has a consensus rating of “Sell”.

Nano Dimension Price Performance

Shares of NASDAQ NNDM opened at $1.66 on Friday. Nano Dimension has a 1 year low of $1.31 and a 1 year high of $2.32. The firm has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.74. The company has a market cap of $349.16 million, a P/E ratio of -1.36 and a beta of 0.98.

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

Institutional Trading of Nano Dimension

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