Nano Dimension Target of Unusually High Options Trading (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the recipient of some unusual options trading on Monday. Stock investors purchased 25,005 put options on the stock. This represents an increase of approximately 436% compared to the typical daily volume of 4,665 put options.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Nano Dimension from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nano Dimension currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Nano Dimension

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Nano Dimension by 2,278.5% in the fourth quarter. State Street Corp now owns 10,362,517 shares of the technology company’s stock valued at $15,958,000 after buying an additional 9,926,849 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Nano Dimension by 67.3% in the third quarter. Ameriprise Financial Inc. now owns 4,767,833 shares of the technology company’s stock valued at $7,485,000 after buying an additional 1,918,091 shares during the last quarter. Man Group plc raised its position in shares of Nano Dimension by 133.3% in the fourth quarter. Man Group plc now owns 1,946,899 shares of the technology company’s stock valued at $2,998,000 after buying an additional 1,112,331 shares during the last quarter. Clearline Capital LP raised its position in shares of Nano Dimension by 19.0% in the third quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company’s stock valued at $10,200,000 after buying an additional 1,035,581 shares during the last quarter. Finally, Peapod Lane Capital LLC lifted its stake in shares of Nano Dimension by 116.4% during the 3rd quarter. Peapod Lane Capital LLC now owns 1,535,025 shares of the technology company’s stock worth $2,411,000 after purchasing an additional 825,713 shares during the period. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Stock Performance

NNDM traded down $0.02 during trading on Monday, reaching $1.55. The company’s stock had a trading volume of 1,074,167 shares, compared to its average volume of 2,378,723. Nano Dimension has a 52-week low of $1.31 and a 52-week high of $2.32. The company’s fifty day moving average price is $1.70 and its 200-day moving average price is $1.76. The company has a market capitalization of $323.23 million, a price-to-earnings ratio of -3.51 and a beta of 0.99.

Nano Dimension (NASDAQ:NNDM) last announced its quarterly earnings data on Friday, May 8th. The technology company reported ($0.34) earnings per share for the quarter. Nano Dimension had a negative net margin of 286.72% and a negative return on equity of 22.07%. The business had revenue of $29.73 million during the quarter.

Nano Dimension Company Profile

Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.