Nano Dimension (NASDAQ:NNDM) Sees Unusually-High Trading Volume

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) saw unusually-high trading volume on Friday . Approximately 457,453 shares were traded during trading, a decline of 69% from the previous session’s volume of 1,472,083 shares.The stock last traded at $2.44 and had previously closed at $2.52.

Nano Dimension Stock Performance

The business has a 50 day simple moving average of $2.46 and a 200-day simple moving average of $2.53. The stock has a market capitalization of $524.77 million, a P/E ratio of -5.48 and a beta of 1.70.

Nano Dimension (NASDAQ:NNDM) last issued its quarterly earnings results on Monday, June 3rd. The technology company reported ($0.15) earnings per share (EPS) for the quarter. Nano Dimension had a negative net margin of 203.87% and a negative return on equity of 10.84%. The firm had revenue of $13.36 million for the quarter.

Institutional Investors Weigh In On Nano Dimension

Institutional investors and hedge funds have recently modified their holdings of the stock. Keynote Financial Services LLC acquired a new stake in shares of Nano Dimension during the 1st quarter valued at $36,000. Virtu Financial LLC acquired a new stake in shares of Nano Dimension during the 1st quarter valued at $42,000. Quadrature Capital Ltd acquired a new stake in shares of Nano Dimension during the 3rd quarter valued at $56,000. Levin Capital Strategies L.P. acquired a new stake in shares of Nano Dimension during the 4th quarter valued at $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Nano Dimension by 22.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,734 shares of the technology company’s stock valued at $203,000 after acquiring an additional 15,700 shares during the last quarter. Institutional investors and hedge funds 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.