NANO DIMENSION/S (NNDM) Shares Down 2.7% After Earnings Miss

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Shares of NANO DIMENSION/S (NASDAQ:NNDM) were down 2.7% during 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 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) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.71 million during the quarter.

A number of equities research analysts have commented on NNDM shares. National Securities set a $7.00 price objective on shares of NANO DIMENSION/S and gave the company a “buy” rating in a research report 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 on the stock in a research report on Tuesday, January 29th.

A hedge fund recently raised its stake in NANO DIMENSION/S stock. Harel Insurance Investments & Financial Services Ltd. raised its position in NANO DIMENSION/S (NASDAQ:NNDM) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the technology company’s stock after purchasing an additional 20,388 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned 0.43% of NANO DIMENSION/S worth $89,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.27% of the company’s stock.

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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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