Nano Dimension (NASDAQ:NNDM) Stock Price Down 5.7% – Time to Sell?

Nano Dimension Ltd. (NASDAQ:NNDM) shares traded down 5.7% during mid-day trading on Tuesday . The company traded as low as $2.46 and last traded at $2.47. Approximately 761,028 shares traded hands during trading, a decline of 61% from the average daily volume of 1,952,161 shares. The stock had previously closed at $2.62.

Nano Dimension Trading Down 7.6 %

The company has a market cap of $514.14 million, a P/E ratio of -5.90 and a beta of 1.65. The company has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $2.28.

Hedge Funds Weigh In On Nano Dimension

A number of institutional investors have recently modified their holdings of the stock. Orion Portfolio Solutions LLC purchased a new position in Nano Dimension during the 3rd quarter worth $25,000. GAMMA Investing LLC increased its stake in shares of Nano Dimension by 192.5% during the fourth quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock valued at $40,000 after buying an additional 10,492 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Nano Dimension in the third quarter valued at about $41,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Nano Dimension by 83.5% in the third 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. Finally, Barclays PLC grew its holdings in Nano Dimension by 3,479.1% during the 3rd quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock worth $99,000 after acquiring an additional 39,175 shares in the last quarter. 33.89% of the stock is owned by hedge funds and other institutional investors.

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.