Nano Dimension Target of Unusually High Options Trading (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the recipient of some unusual options trading activity on Wednesday. Traders bought 3,137 call options on the stock. This represents an increase of approximately 341% compared to the average daily volume of 712 call options.

Nano Dimension Stock Up 16.7 %

Nano Dimension stock opened at $2.52 on Thursday. The stock has a market cap of $535.40 million, a P/E ratio of -5.48 and a beta of 1.70. The company’s 50 day moving average price is $2.46 and its two-hundred day moving average price is $2.53. Nano Dimension has a 52 week low of $2.06 and a 52 week high of $3.35.

Nano Dimension (NASDAQ:NNDM) last issued its quarterly earnings results on Monday, June 3rd. The technology company reported ($0.15) EPS for the quarter. The business had revenue of $13.36 million for the quarter. Nano Dimension had a negative return on equity of 10.84% and a negative net margin of 203.87%.

Hedge Funds Weigh In On Nano Dimension

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Keynote Financial Services LLC purchased a new stake in Nano Dimension during the first quarter worth about $36,000. Virtu Financial LLC purchased a new position in Nano Dimension in the first quarter valued at approximately $42,000. Quadrature Capital Ltd purchased a new position in Nano Dimension in the third quarter valued at approximately $56,000. Levin Capital Strategies L.P. purchased a new stake in Nano Dimension in the fourth quarter worth $120,000. Finally, Algert Global LLC bought a new stake in shares of Nano Dimension in the third quarter valued at $124,000. 33.89% of the stock is owned by hedge funds and other 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.