Nano Dimension (NASDAQ:NNDM) Shares Cross Below 50 Day Moving Average of $2.27

Nano Dimension Ltd. (NASDAQ:NNDM) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.27 and traded as low as $2.09. Nano Dimension shares last traded at $2.15, with a volume of 613,433 shares trading hands.

Nano Dimension Price Performance

The stock has a market capitalization of $441.91 million, a price-to-earnings ratio of -4.52 and a beta of 1.70. The stock’s 50 day simple moving average is $2.26 and its 200-day simple moving average is $2.49.

Nano Dimension (NASDAQ:NNDM) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. Nano Dimension had a negative net margin of 266.36% and a negative return on equity of 14.80%. The business had revenue of $14.99 million during the quarter.

Institutional Investors Weigh In On Nano Dimension

A number of large investors have recently added to or reduced their stakes in NNDM. Keynote Financial Services LLC bought a new stake in Nano Dimension during the first quarter valued at about $36,000. Virtu Financial LLC bought a new stake in Nano Dimension during the 1st quarter valued at approximately $42,000. Susquehanna Fundamental Investments LLC grew its holdings in Nano Dimension by 15.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 261,022 shares of the technology company’s stock valued at $574,000 after buying an additional 34,625 shares during the last quarter. California State Teachers Retirement System increased its position in Nano Dimension by 10.7% in the 1st quarter. California State Teachers Retirement System now owns 234,586 shares of the technology company’s stock worth $653,000 after buying an additional 22,580 shares during the period. Finally, Tidal Investments LLC increased its position in Nano Dimension by 725.7% in the 1st quarter. Tidal Investments LLC now owns 239,519 shares of the technology company’s stock worth $667,000 after buying an additional 210,510 shares during the period. 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.