Nano Dimension (NASDAQ:NNDM) Upgraded to “Hold” at Wall Street Zen

Nano Dimension (NASDAQ:NNDM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Nano Dimension Stock Performance

NASDAQ NNDM opened at $1.39 on Friday. Nano Dimension has a 52-week low of $1.34 and a 52-week high of $2.74. The company has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.98. The company has a market capitalization of $302.02 million, a PE ratio of -3.47 and a beta of 1.13.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings data on Thursday, June 12th. The technology company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $14.40 million for the quarter. Nano Dimension had a negative return on equity of 9.90% and a negative net margin of 144.35%.

Hedge Funds Weigh In On Nano Dimension

Several large investors have recently modified their holdings of NNDM. Blue Trust Inc. increased its stake in shares of Nano Dimension by 188.6% in the fourth quarter. Blue Trust Inc. now owns 18,862 shares of the technology company’s stock worth $47,000 after purchasing an additional 12,326 shares in the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of Nano Dimension in the fourth quarter worth about $174,000. Raymond James Financial Inc. purchased a new position in shares of Nano Dimension in the fourth quarter worth about $33,000. Kazazian Asset Management LLC purchased a new position in shares of Nano Dimension in the fourth quarter worth about $52,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Nano Dimension by 137.6% in the fourth quarter. Teacher Retirement System of Texas now owns 50,211 shares of the technology company’s stock worth $125,000 after purchasing an additional 29,082 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Company Profile

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.