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

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) crossed 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 traded.

Nano Dimension Stock Up 0.5 %

The firm has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $2.49. The company has a market capitalization of $456.78 million, a P/E ratio of -4.67 and a beta of 1.70.

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

Hedge Funds Weigh In On Nano Dimension

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Keynote Financial Services LLC acquired a new position in shares of Nano Dimension in the 1st quarter valued at $36,000. Virtu Financial LLC bought a new position in Nano Dimension during the first quarter worth about $42,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nano Dimension by 22.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,734 shares of the technology company’s stock valued at $203,000 after purchasing an additional 15,700 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of 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 purchasing an additional 34,625 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of 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 in the last quarter. 33.89% of the stock is currently owned by 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.