Nano Dimension (NASDAQ:NNDM) Stock Price Passes Below 50 Day Moving Average of $2.55

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.55 and traded as low as $2.35. Nano Dimension shares last traded at $2.37, with a volume of 1,033,524 shares traded.

Nano Dimension Price Performance

The firm’s 50 day simple moving average is $2.55 and its two-hundred day simple moving average is $2.54.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings results on Thursday, March 21st. The technology company reported ($0.01) earnings per share for the quarter. The business had revenue of $14.45 million during the quarter. Nano Dimension had a negative return on equity of 10.84% and a negative net margin of 203.87%.

Institutional Trading of Nano Dimension

Several hedge funds have recently added to or reduced their stakes in the business. Murchinson Ltd. raised its stake in shares of Nano Dimension by 23.9% during the first quarter. Murchinson Ltd. now owns 15,550,000 shares of the technology company’s stock valued at $43,307,000 after acquiring an additional 3,000,000 shares during the last quarter. Swiss National Bank raised its stake in shares of Nano Dimension by 5.1% during the first quarter. Swiss National Bank now owns 455,500 shares of the technology company’s stock valued at $1,269,000 after acquiring an additional 22,200 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Nano Dimension during the first quarter valued at about $882,000. Tidal Investments LLC raised its stake in shares of Nano Dimension by 725.7% during the first quarter. Tidal Investments LLC now owns 239,519 shares of the technology company’s stock valued at $667,000 after acquiring an additional 210,510 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Nano Dimension by 10.7% during the first quarter. California State Teachers Retirement System now owns 234,586 shares of the technology company’s stock valued at $653,000 after acquiring an additional 22,580 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.