Nano Dimension (NASDAQ:NNDM) Shares Gap Up – Still a Buy?

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) gapped up before the market opened on Tuesday . The stock had previously closed at $2.21, but opened at $2.32. Nano Dimension shares last traded at $2.44, with a volume of 676,194 shares trading hands.

Nano Dimension Stock Down 2.7 %

The stock’s 50-day moving average price is $2.25 and its 200 day moving average price is $2.28. The company has a market cap of $531.15 million, a P/E ratio of -6.10 and a beta of 1.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NNDM. Clearline Capital LP increased its stake in shares of Nano Dimension by 5.8% in the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock worth $10,269,000 after purchasing an additional 256,449 shares during the period. Jane Street Group LLC increased its position 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 worth $930,000 after buying an additional 193,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Nano Dimension by 86.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 383,189 shares of the technology company’s stock worth $939,000 after buying an additional 177,951 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Nano Dimension in the third quarter valued at approximately $158,000. Finally, Arete Wealth Advisors LLC grew its stake in shares of Nano Dimension by 6.3% in the third quarter. Arete Wealth Advisors LLC now owns 882,534 shares of the technology company’s stock worth $2,158,000 after acquiring an additional 52,189 shares during the last quarter. Institutional investors own 33.89% of the company’s stock.

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.