Nano Dimension (NASDAQ:NNDM) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Nano Dimension Ltd. (NASDAQ:NNDM) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.33 and traded as low as $2.27. Nano Dimension shares last traded at $2.30, with a volume of 1,835,608 shares traded.

Nano Dimension Trading Down 1.3 %

The stock has a 50 day simple moving average of $2.33 and a 200 day simple moving average of $2.29. The firm has a market capitalization of $488.65 million, a PE ratio of -5.61 and a beta of 1.65.

Institutional Investors Weigh In On Nano Dimension

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Nano Dimension by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 103,330 shares of the technology company’s stock valued at $253,000 after acquiring an additional 5,437 shares in the last quarter. Creative Planning boosted its stake in shares of Nano Dimension by 20.1% during the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock valued at $106,000 after purchasing an additional 7,264 shares in the last quarter. Tidal Investments LLC increased its position in shares of Nano Dimension by 4.6% during the third quarter. Tidal Investments LLC now owns 215,784 shares of the technology company’s stock valued at $529,000 after buying an additional 9,538 shares during the period. Orion Portfolio Solutions LLC bought a new position in Nano Dimension in the third quarter worth about $25,000. Finally, GAMMA Investing LLC lifted its holdings in Nano Dimension by 192.5% in the fourth quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock worth $40,000 after buying an additional 10,492 shares during the period. 33.89% of the stock is currently 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.