NANO DIMENSION/S (NNDM) Stock Price Down 2.7% on Disappointing Earnings

NANO DIMENSION/S (NASDAQ:NNDM) traded down 2.7% on Friday following a dissappointing earnings announcement. The company traded as low as $0.67 and last traded at $0.71. 1,400 shares changed hands during mid-day trading, a decline of 100% from the average session 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 Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). NANO DIMENSION/S had a negative return on equity of 71.93% and a negative net margin of 409.99%. The company had revenue of $1.71 million for the quarter.

Several equities research analysts have recently issued reports on the stock. Lake Street Capital lowered their price objective on shares of NANO DIMENSION/S to $2.50 and set a “buy” rating for the company in a research report on Tuesday, January 29th. National Securities set a $7.00 price objective on shares of NANO DIMENSION/S and gave the stock a “buy” rating in a research report on Monday, November 19th.

A hedge fund recently raised its stake in NANO DIMENSION/S stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of NANO DIMENSION/S (NASDAQ:NNDM) by 34.2% in the 4th quarter, according to its most recent disclosure 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 quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.43% of NANO DIMENSION/S worth $89,000 as of its most recent SEC filing. 4.27% of the stock is currently owned by institutional investors.

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About NANO DIMENSION/S (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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