Nano Dimension (NASDAQ:NNDM) Trading 8.6% Higher

Nano Dimension Ltd. (NASDAQ:NNDM) shares traded up 8.6% on Wednesday . The stock traded as high as $2.43 and last traded at $2.40. 2,498,986 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 1,358,477 shares. The stock had previously closed at $2.21.

Nano Dimension Price Performance

The stock’s 50 day simple moving average is $2.22 and its two-hundred day simple moving average is $2.42. The company has a market capitalization of $537.51 million, a P/E ratio of -5.50 and a beta of 1.65.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $14.99 million for the quarter. Nano Dimension had a negative return on equity of 15.26% and a negative net margin of 266.36%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Keynote Financial Services LLC bought a new stake in shares of Nano Dimension during the first quarter worth approximately $36,000. Virtu Financial LLC bought a new stake in shares of Nano Dimension during the 1st quarter valued at $42,000. Susquehanna Fundamental Investments LLC lifted 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. California State Teachers Retirement System boosted its position 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 purchasing an additional 22,580 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Nano Dimension by 725.7% in the 1st quarter. Tidal Investments LLC now owns 239,519 shares of the technology company’s stock worth $667,000 after purchasing an additional 210,510 shares during the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.

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.