Nano Dimension Ltd. (NASDAQ:NNDM – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $2.21, but opened at $2.32. Nano Dimension shares last traded at $2.44, with a volume of 676,194 shares changing hands.
Nano Dimension Stock Performance
The firm has a fifty day moving average of $2.25 and a 200-day moving average of $2.28. The stock has a market capitalization of $529.02 million, a price-to-earnings ratio of -6.15 and a beta of 1.68.
Institutional Investors Weigh In On Nano Dimension
Several hedge funds have recently modified their holdings of NNDM. Orion Portfolio Solutions LLC acquired a new stake in Nano Dimension in the third quarter valued at approximately $25,000. Point72 Asset Management L.P. purchased a new position in shares of Nano Dimension in the third quarter valued at $41,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Nano Dimension by 83.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock valued at $83,000 after purchasing an additional 15,485 shares in the last quarter. Barclays PLC grew its holdings in Nano Dimension by 3,479.1% during the 3rd quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock valued at $99,000 after purchasing an additional 39,175 shares in the last quarter. Finally, Creative Planning increased its stake in Nano Dimension by 20.1% during the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock worth $106,000 after buying an additional 7,264 shares during the period. 33.89% of the stock is currently owned by hedge funds and other institutional investors.
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.
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