(VIANEWS) – Stratasys Ltd., a leading manufacturer of 3D printers, has once again rejected a revised offer from Nano Dimension Ltd. The offer from Nano Dimension, which sought to acquire between 31.9% and 36.9% of Stratasys’ shares, was increased to a cash amount per share. This development comes as the company finds itself embroiled in a three-way contest with Nano Dimension and 3D Systems Corp. for control of Stratasys.
Stratasys’ board has cautioned shareholders against offering their shares into the tender. If they choose to do so, they may only have a portion of their shares purchased, potentially leaving them as minority shareholders in a company controlled by Nano Dimension.
Despite the ongoing battle for control, Stratasys’ stock has risen by 1% premarket and has experienced an overall gain of 80% since the beginning of the year. In comparison, the broader market, as represented by the S&P 500 index, has gained 18.6% during the same period.
Shares of Nano Dimension (NASDAQ: NNDM) jumped by a staggering 38.2% in 21 sessions from $2.34 at 2023-06-21, to $3.23 at 14:33 EST on Friday, following the last session’s upward trend. NASDAQ is rising 0.28% to $14,102.16, following the last session’s downward trend.
Nano Dimension’s last close was $3.20, 14.44% under its 52-week high of $3.74.
About Nano Dimension
Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company offers 3D printers, comprising DragonFly IV that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and admaflex that utilizes a patented DLP foil system that fabricates ceramic and metal parts. It also provides additive electronics robotics and control systems, which includes surface-mount-technology, an electronics assembly equipment for electronic components on Hi-PEDs and PCBs, catering to various manufacturing and volume requirements; and ink delivery systems controls electronics, software, and ink delivery systems for digital printing. In addition, the company offers software to provide engineers with the tools to bring precision and electrical parts from design-to-manufacturing, as well as sells various materials that are developed in-house. Nano Dimension Ltd. was incorporated in 1960 and is headquartered in Ness Ziona, Israel.
Earnings Per Share
As for profitability, Nano Dimension has a trailing twelve months EPS of $-0.67.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.95%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Nano Dimension’s EBITDA is -10.62.
Moving Average
Nano Dimension’s value is way higher than its 50-day moving average of $2.56 and way above its 200-day moving average of $2.55.
Volume
Today’s last reported volume for Nano Dimension is 2476313 which is 0.37% above its average volume of 2428710.
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