Nano Dimension (NASDAQ:NNDM) Announces Quarterly Earnings Results

Nano Dimension (NASDAQ:NNDM) released its quarterly earnings data on Thursday. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.11), FiscalAI reports. The business had revenue of $31.91 million during the quarter, compared to analysts’ expectations of $5.50 million. Nano Dimension had a negative return on equity of 29.44% and a negative net margin of 118.38%.

Nano Dimension Stock Up 5.2%

Shares of Nano Dimension stock traded up $0.07 during trading on Friday, hitting $1.32. The company’s stock had a trading volume of 1,245,613 shares, compared to its average volume of 1,266,598. The company has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.63. Nano Dimension has a 52 week low of $1.19 and a 52 week high of $2.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Dimension in a research report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Nano Dimension Company Profile

Nano Dimension Ltd. is an additive manufacturing company that develops and supplies systems for producing specialized electronic and industrial components. The company focuses on Additively Manufactured Electronics (AME), which combines conductive and dielectric materials to create complex printed circuit boards and other electronic structures.

Its product portfolio has included the DragonFly platform, an inkjet-based system designed to manufacture multilayer printed circuit boards, antennas and related electronic components.