Nano Dimension Ltd. (NASDAQ:NNDM – Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.67 and traded as low as $1.1950. Nano Dimension shares last traded at $1.25, with a volume of 46,086,116 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Nano Dimension from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Nano Dimension
Nano Dimension Stock Performance
Nano Dimension (NASDAQ:NNDM – Get Free Report) last announced its earnings results on Friday, May 8th. The technology company reported ($0.34) EPS for the quarter. Nano Dimension had a negative return on equity of 22.07% and a negative net margin of 286.72%.The company had revenue of $29.73 million during the quarter.
Hedge Funds Weigh In On Nano Dimension
Institutional investors have recently bought and sold shares of the stock. Peapod Lane Capital LLC raised its holdings in Nano Dimension by 116.4% in the 3rd quarter. Peapod Lane Capital LLC now owns 1,535,025 shares of the technology company’s stock worth $2,411,000 after purchasing an additional 825,713 shares during the period. Clearline Capital LP raised its holdings in Nano Dimension by 19.0% during the third quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company’s stock valued at $10,200,000 after acquiring an additional 1,035,581 shares during the period. ARK Investment Management LLC raised its holdings in Nano Dimension by 8.9% during the third quarter. ARK Investment Management LLC now owns 1,935,939 shares of the technology company’s stock valued at $3,039,000 after acquiring an additional 158,094 shares during the period. Arete Wealth Advisors LLC bought a new stake in Nano Dimension during the third quarter valued at about $92,000. Finally, Kazazian Asset Management LLC bought a new stake in Nano Dimension during the third quarter valued at about $157,000. 33.89% of the stock is owned by institutional investors.
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.
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