Nano Dimension (NASDAQ:NNDM) Shares Down 6.8% – Should You Sell?

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price fell 6.8% during mid-day trading on Wednesday . The company traded as low as $2.31 and last traded at $2.41. 1,154,069 shares were traded during trading, a decline of 43% from the average session volume of 2,013,362 shares. The stock had previously closed at $2.58.

Nano Dimension Trading Down 4.5 %

The firm’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.30. The stock has a market cap of $523.71 million, a P/E ratio of -6.01 and a beta of 1.62.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Orion Portfolio Solutions LLC bought a new stake in Nano Dimension during the 3rd quarter worth about $25,000. Raymond James Financial Inc. bought a new position in Nano Dimension in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC raised its position in shares of Nano Dimension by 192.5% during the 4th quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock valued at $40,000 after acquiring an additional 10,492 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Nano Dimension in the 3rd quarter valued at $41,000. Finally, Blue Trust Inc. boosted its position in shares of Nano Dimension by 188.6% in the 4th quarter. Blue Trust Inc. now owns 18,862 shares of the technology company’s stock worth $47,000 after purchasing an additional 12,326 shares during 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.