NANO DIMENSION/S (NNDM) Shares Down 2.7% Following Weak Earnings
Shares of NANO DIMENSION/S (NASDAQ:NNDM) dropped 2.7% during mid-day trading on Friday following a dissappointing earnings announcement. The stock traded as low as $0.67 and last traded at $0.71. Approximately 1,400 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 290,240 shares. The stock had previously closed at $0.73.
The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). NANO DIMENSION/S had a negative net margin of 409.99% and a negative return on equity of 71.93%. The business had revenue of $1.71 million for the quarter.
NNDM has been the subject of several research reports. National Securities set a $7.00 price objective on shares of NANO DIMENSION/S and gave the company a “buy” rating in a research note on Monday, November 19th. Lake Street Capital dropped their price objective on shares of NANO DIMENSION/S to $2.50 and set a “buy” rating for the company in a research note on Tuesday, January 29th.
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NANO DIMENSION/S Company Profile (NASDAQ:NNDM)
Nano Dimension Ltd., through its subsidiary, Nano Dimension Technologies Ltd., develops three-dimensional printed circuit board printers. The company offers DragonFly Pro precision system for additive manufacturing of printed electronics. It also develops conductive and dielectric ink, as well as provides Dragonfly and Switch software to manage design file and printing process.
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