Nano Dimension (NASDAQ:NNDM) Shares Cross Below 50-Day Moving Average – Time to Sell?

Nano Dimension Ltd. (NASDAQ:NNDMGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.52 and traded as low as $1.47. Nano Dimension shares last traded at $1.55, with a volume of 2,386,175 shares trading hands.

Analyst Ratings Changes

NNDM has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Dimension in a research note on Monday, July 6th. Wall Street Zen lowered Nano Dimension from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Stock Report on Nano Dimension

Nano Dimension Price Performance

The firm has a market capitalization of $329.31 million, a PE ratio of -3.52 and a beta of 1.00. The company’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.70.

Nano Dimension (NASDAQ:NNDMGet Free Report) last posted its earnings results on Friday, May 8th. The technology company reported ($0.34) earnings per share for the quarter. Nano Dimension had a negative return on equity of 22.07% and a negative net margin of 286.72%.The business had revenue of $29.73 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of Nano Dimension by 266.1% during the fourth quarter. Wells Fargo & Company MN now owns 19,113 shares of the technology company’s stock worth $29,000 after acquiring an additional 13,893 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Nano Dimension by 392.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 19,459 shares of the technology company’s stock worth $30,000 after acquiring an additional 15,506 shares during the period. Merit Financial Group LLC purchased a new position in shares of Nano Dimension in the fourth quarter valued at $34,000. Lido Advisors LLC bought a new stake in shares of Nano Dimension during the 1st quarter valued at $35,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Nano Dimension during the 4th quarter valued at $42,000. 33.89% of the stock is currently owned by hedge funds and other institutional investors.

About Nano Dimension

(Get Free Report)

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.

Further Reading

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