Nano Dimension (NASDAQ:NNDM) Releases Earnings Results, Beats Estimates By $0.04 EPS

Nano Dimension (NASDAQ:NNDM) issued its quarterly earnings results on Thursday. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04, FiscalAI reports. Nano Dimension had a negative net margin of 135.18% and a negative return on equity of 24.17%. The business had revenue of $28.96 million during the quarter, compared to the consensus estimate of $5.50 million.

Nano Dimension Trading Up 3.8%

NNDM traded up $0.06 during trading on Friday, hitting $1.63. 3,389,503 shares of the company’s stock were exchanged, compared to its average volume of 2,786,933. The stock has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.68. The firm has a market cap of $346.31 million, a P/E ratio of -3.70 and a beta of 1.01. Nano Dimension has a 1 year low of $1.19 and a 1 year high of $2.32.

Institutional Investors Weigh In On Nano Dimension

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNDM. Invesco Ltd. acquired a new position in shares of Nano Dimension in the first quarter worth about $63,000. Cubist Systematic Strategies LLC bought a new position in shares of Nano Dimension during the first quarter valued at approximately $130,000. Rhumbline Advisers lifted its stake in Nano Dimension by 87.1% in the first quarter. Rhumbline Advisers now owns 40,587 shares of the technology company’s stock valued at $65,000 after buying an additional 18,889 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Nano Dimension by 11,544.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 143,458 shares of the technology company’s stock valued at $232,000 after purchasing an additional 142,226 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Nano Dimension by 444.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,105 shares of the technology company’s stock worth $459,000 after buying an additional 231,069 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Dimension in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Nano Dimension Company Profile

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.