Wall Street Zen Downgrades Nano Dimension (NASDAQ:NNDM) to Sell

Nano Dimension (NASDAQ:NNDM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Nano Dimension in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Nano Dimension Price Performance

Shares of NNDM opened at $1.66 on Friday. The company has a market cap of $349.16 million, a PE ratio of -1.36 and a beta of 0.98. The business has a fifty day moving average of $1.84 and a 200 day moving average of $1.74. Nano Dimension has a 52-week low of $1.31 and a 52-week high of $2.32.

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

Hedge Funds Weigh In On Nano Dimension

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. bought a new stake in shares of Nano Dimension during the first quarter worth $63,000. Cubist Systematic Strategies LLC bought a new position in shares of Nano Dimension in the first quarter worth about $130,000. Rhumbline Advisers increased its stake in Nano Dimension by 87.1% in the 1st quarter. Rhumbline Advisers now owns 40,587 shares of the technology company’s stock worth $65,000 after buying an additional 18,889 shares during the period. JPMorgan Chase & Co. increased its stake in Nano Dimension by 11,544.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 143,458 shares of the technology company’s stock worth $232,000 after buying an additional 142,226 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Nano Dimension by 444.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,105 shares of the technology company’s stock valued at $459,000 after buying an additional 231,069 shares in the last quarter. 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.