Nano Dimension (NASDAQ:NNDM) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.27 and traded as low as $2.17. Nano Dimension shares last traded at $2.20, with a volume of 931,930 shares traded.

Nano Dimension Trading Down 2.7 %

The company has a market cap of $454.66 million, a price-to-earnings ratio of -3.45 and a beta of 1.67. The company has a fifty day moving average price of $2.27 and a two-hundred day moving average price of $2.34.

Nano Dimension (NASDAQ:NNDM) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported ($0.20) earnings per share (EPS) for the quarter. Nano Dimension had a negative net margin of 266.36% and a negative return on equity of 15.26%. The business had revenue of $14.99 million during the quarter.

Institutional Investors Weigh In On Nano Dimension

Several large investors have recently made changes to their positions in NNDM. Keynote Financial Services LLC acquired a new position in Nano Dimension during the 1st quarter worth about $36,000. Virtu Financial LLC bought a new position in Nano Dimension in the first quarter valued at approximately $42,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Nano Dimension by 83.5% during 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 period. Creative Planning lifted its stake 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 valued at $106,000 after purchasing an additional 7,264 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its position 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 worth $574,000 after purchasing an additional 34,625 shares during 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.