Nano Dimension (NASDAQ:NNDM) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.27 and traded as low as $2.17. Nano Dimension shares last traded at $2.20, with a volume of 931,930 shares traded.

Nano Dimension Trading Up 0.9 %

The company has a market cap of $467.41 million, a PE ratio of -3.55 and a beta of 1.67. The stock has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.34.

Nano Dimension (NASDAQ:NNDM) last announced its quarterly earnings results 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 15.26%. The company had revenue of $14.99 million during the quarter.

Institutional Investors Weigh In On Nano Dimension

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Murchinson Ltd. lifted its stake in shares of Nano Dimension by 23.9% during the first quarter. Murchinson Ltd. now owns 15,550,000 shares of the technology company’s stock valued at $43,307,000 after buying an additional 3,000,000 shares during the period. Shell Asset Management Co. acquired a new position in Nano Dimension in the first quarter valued at $882,000. Clearline Capital LP lifted its position in Nano Dimension by 5.8% during the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock worth $10,269,000 after buying an additional 256,449 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Nano Dimension in the 1st quarter worth about $631,000. Finally, Tidal Investments LLC increased its stake in shares of Nano Dimension by 725.7% during the 1st quarter. Tidal Investments LLC now owns 239,519 shares of the technology company’s stock valued at $667,000 after acquiring an additional 210,510 shares during the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

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.