Nano Dimension (NASDAQ:NNDM) Trading Up 10% – What’s Next?

Nano Dimension Ltd. (NASDAQ:NNDM) shares were up 10% during mid-day trading on Tuesday . The stock traded as high as $2.47 and last traded at $2.48. Approximately 956,386 shares changed hands during mid-day 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 Trading Up 8.7 %

The stock has a market cap of $519.46 million, a PE ratio of -5.89 and a beta of 1.65. The business has a 50-day moving average price of $2.35 and a 200 day moving average price of $2.29.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Nano Dimension by 3,479.1% in the third quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock worth $99,000 after buying an additional 39,175 shares in the last quarter. State Street Corp increased its holdings 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 worth $5,099,000 after acquiring an additional 10,950 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 purchasing an additional 15,485 shares in the last quarter. Jane Street Group LLC boosted its holdings in Nano Dimension by 104.0% in the 3rd quarter. Jane Street Group LLC now owns 379,625 shares of the technology company’s stock valued at $930,000 after purchasing an additional 193,546 shares during the period. Finally, Creative Planning grew its position in shares of 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 purchasing an additional 7,264 shares in the last quarter. 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.