Nano Dimension (NASDAQ:NNDM) Shares Gap Down – Time to Sell?

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $2.57, but opened at $2.50. Nano Dimension shares last traded at $2.53, with a volume of 404,571 shares changing hands.

Nano Dimension Stock Down 0.4 %

The stock has a market cap of $529.03 million, a P/E ratio of -6.07 and a beta of 1.68. The company’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.28.

Institutional Trading of Nano Dimension

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearline Capital LP increased its position in shares of Nano Dimension by 5.8% during the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock valued at $10,269,000 after buying an additional 256,449 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Nano Dimension by 83.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock worth $83,000 after buying an additional 15,485 shares in the last quarter. Creative Planning lifted its holdings in shares of Nano Dimension by 20.1% in the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock worth $106,000 after acquiring an additional 7,264 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Nano Dimension by 86.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 383,189 shares of the technology company’s stock worth $939,000 after purchasing an additional 177,951 shares during the period. 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.