Nano Dimension (NASDAQ:NNDM) Shares Up 10% – Time to Buy?

Nano Dimension Ltd. (NASDAQ:NNDM) shares rose 10% during trading on Tuesday . The stock traded as high as $2.47 and last traded at $2.48. Approximately 956,386 shares changed hands during trading, a decline of 54% from the average daily volume of 2,092,602 shares. The stock had previously closed at $2.25.

Nano Dimension Stock Performance

The business has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.29. The company has a market cap of $519.46 million, a price-to-earnings ratio of -5.89 and a beta of 1.65.

Institutional Trading of Nano Dimension

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in Nano Dimension by 3,479.1% during the 3rd quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock valued at $99,000 after purchasing an additional 39,175 shares during the period. State Street Corp increased its stake in Nano Dimension by 0.5% during the 3rd quarter. State Street Corp now owns 2,081,161 shares of the technology company’s stock valued at $5,099,000 after purchasing an additional 10,950 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Nano Dimension by 83.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock worth $83,000 after acquiring an additional 15,485 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Nano Dimension by 104.0% in the third quarter. Jane Street Group LLC now owns 379,625 shares of the technology company’s stock worth $930,000 after purchasing an additional 193,546 shares during the last quarter. Finally, Creative Planning lifted its stake in Nano Dimension by 20.1% during the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock valued at $106,000 after acquiring an additional 7,264 shares in the last quarter. 33.89% of the stock is 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.