Nano Dimension (NASDAQ:NNDM) Trading Down 6.8% – Here’s Why

Nano Dimension Ltd. (NASDAQ:NNDM) shares traded down 6.8% during trading on Wednesday . The company traded as low as $2.31 and last traded at $2.41. 1,154,069 shares were traded during mid-day trading, a decline of 43% from the average session volume of 2,013,362 shares. The stock had previously closed at $2.58.

Nano Dimension Trading Down 4.5 %

The firm has a market cap of $523.71 million, a P/E ratio of -6.01 and a beta of 1.62. The business has a 50-day moving average of $2.41 and a two-hundred day moving average of $2.30.

Institutional Investors Weigh In On Nano Dimension

Hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC acquired a new stake in shares of Nano Dimension during the 3rd quarter worth approximately $25,000. Raymond James Financial Inc. bought a new stake in Nano Dimension in the fourth quarter worth about $33,000. GAMMA Investing LLC increased its stake in shares of Nano Dimension by 192.5% during the 4th quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock worth $40,000 after purchasing an additional 10,492 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Nano Dimension in the third quarter valued at $41,000. Finally, Blue Trust Inc. grew its stake in shares of Nano Dimension by 188.6% during the 4th quarter. Blue Trust Inc. now owns 18,862 shares of the technology company’s stock worth $47,000 after acquiring an additional 12,326 shares during the period. 33.89% of the stock is currently owned by institutional investors.

About Nano Dimension

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.