NANO DIMENSION/S (NNDM) Reaches New 12-Month Low at $0.67

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NANO DIMENSION/S (NASDAQ:NNDM)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $0.67 and last traded at $0.68, with a volume of 2100 shares traded. The stock had previously closed at $0.68.

Separately, Lake Street Capital cut shares of NANO DIMENSION/S from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th.

NANO DIMENSION/S (NASDAQ:NNDM) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. NANO DIMENSION/S had a negative net margin of 208.66% and a negative return on equity of 66.29%. The business had revenue of $1.69 million for the quarter.

Several hedge funds have recently modified their holdings of NNDM. Delek Group Ltd. lifted its position in shares of NANO DIMENSION/S by 1,710.0% during the first quarter. Delek Group Ltd. now owns 841,152 shares of the technology company’s stock worth $594,000 after purchasing an additional 794,680 shares during the last quarter. Meitav Dash Investments Ltd. bought a new position in shares of NANO DIMENSION/S during the first quarter worth about $204,000. ARK Investment Management LLC lifted its position in shares of NANO DIMENSION/S by 56.8% during the first quarter. ARK Investment Management LLC now owns 804,275 shares of the technology company’s stock worth $571,000 after purchasing an additional 291,196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of NANO DIMENSION/S by 34.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the technology company’s stock worth $89,000 after purchasing an additional 20,388 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of NANO DIMENSION/S by 59.1% during the fourth quarter. Jane Street Group LLC now owns 38,259 shares of the technology company’s stock worth $48,000 after purchasing an additional 14,213 shares during the last quarter. 3.65% of the stock is currently owned by institutional investors and hedge funds.

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NANO DIMENSION/S Company Profile (NASDAQ:NNDM)

Nano Dimension Ltd., through its subsidiaries, operates as an additive electronics provider. 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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