Nano Dimension (NASDAQ:NNDM) Sees Strong Trading Volume – Here’s What Happened

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) saw strong trading volume on Thursday . 924,638 shares changed hands during trading, a decline of 33% from the previous session’s volume of 1,374,726 shares.The stock last traded at $2.69 and had previously closed at $2.52.

Nano Dimension Trading Up 5.2 %

The stock has a market capitalization of $563.01 million, a price-to-earnings ratio of -6.46 and a beta of 1.68. The company’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.27.

Institutional Inflows and Outflows

Several large 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 valued at $10,269,000 after buying an additional 256,449 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $83,000 after purchasing an additional 15,485 shares during the period. Creative Planning raised its holdings in Nano Dimension by 20.1% during the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock worth $106,000 after purchasing an additional 7,264 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Nano Dimension by 86.7% in the 3rd 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 purchasing an additional 177,951 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Nano Dimension by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 215,784 shares of the technology company’s stock valued at $529,000 after purchasing an additional 9,538 shares during the last quarter. 33.89% of the stock is owned by institutional investors.

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.