Nano Dimension (NASDAQ:NNDM) Shares Gap Down – Should You Sell?

Nano Dimension Ltd. (NASDAQ:NNDM)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $2.57, but opened at $2.50. Nano Dimension shares last traded at $2.53, with a volume of 404,571 shares.

Nano Dimension Stock Up 0.4 %

The stock has a market cap of $548.15 million, a price-to-earnings ratio of -6.27 and a beta of 1.68. The stock has a 50 day simple moving average of $2.25 and a 200 day simple moving average of $2.28.

Institutional Investors Weigh In On Nano Dimension

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC purchased a new stake in shares of Nano Dimension in the third quarter worth approximately $25,000. Point72 Asset Management L.P. bought a new stake in Nano Dimension during the third quarter worth $41,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Nano Dimension by 83.5% in 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 buying an additional 15,485 shares during the last quarter. Barclays PLC lifted its stake 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 acquiring an additional 39,175 shares in the last quarter. Finally, Creative Planning boosted its holdings 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 acquiring an additional 7,264 shares during the last quarter. Institutional investors and hedge funds 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.