Nano Dimension (NASDAQ:NNDM) Shares Gap Up to $2.16

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) gapped up prior to trading on Wednesday . The stock had previously closed at $2.16, but opened at $2.34. Nano Dimension shares last traded at $2.43, with a volume of 3,031,309 shares changing hands.

Nano Dimension Stock Performance

The company has a market cap of $520.53 million, a price-to-earnings ratio of -5.39 and a beta of 1.70. The business has a 50-day simple moving average of $2.46 and a 200-day simple moving average of $2.53.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NNDM. Keynote Financial Services LLC purchased a new position in shares of Nano Dimension in the 1st quarter valued at about $36,000. Virtu Financial LLC purchased a new position in shares of Nano Dimension in the 1st quarter valued at about $42,000. Quadrature Capital Ltd purchased a new position in shares of Nano Dimension in the 3rd quarter valued at about $56,000. Levin Capital Strategies L.P. purchased a new position in shares of Nano Dimension in the 4th quarter valued at about $120,000. Finally, Algert Global LLC purchased a new position in shares of Nano Dimension in the 3rd quarter valued at about $124,000. Hedge funds and other institutional investors 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.