Nano Dimension (NASDAQ:NNDM) Announces Quarterly Earnings Results

Nano Dimension (NASDAQ:NNDM) released its quarterly earnings results on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $28.96 million for the quarter. Nano Dimension had a negative net margin of 286.72% and a negative return on equity of 22.07%.

Nano Dimension Stock Performance

NASDAQ NNDM traded up $0.01 on Thursday, reaching $1.57. The company’s stock had a trading volume of 1,161,740 shares, compared to its average volume of 2,842,092. Nano Dimension has a 52 week low of $1.19 and a 52 week high of $2.32. The business has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.68.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Marquette Asset Management LLC bought a new position in Nano Dimension in the 2nd quarter valued at $289,000. Pacer Advisors Inc. raised its holdings in shares of Nano Dimension by 73.7% in the first quarter. Pacer Advisors Inc. now owns 93,397 shares of the technology company’s stock valued at $159,000 after buying an additional 39,625 shares during the last quarter. Lido Advisors LLC acquired a new position in Nano Dimension during the 1st quarter worth about $35,000. Caitong International Asset Management Co. Ltd grew its holdings in Nano Dimension by 1,053.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 45,605 shares of the technology company’s stock worth $70,000 after acquiring an additional 41,652 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Nano Dimension in the 4th quarter valued at about $322,000. Institutional investors own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Dimension in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Nano Dimension currently has an average rating of “Sell”.

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.