Shares of Nano Dimension Ltd. (NASDAQ:NNDM - Get Free Report) dropped 6.8% during mid-day trading on Wednesday . The stock traded as low as $2.31 and last traded at $2.41. Approximately 1,154,069 shares were traded during trading, a decline of 43% from the average daily volume of 2,013,362 shares. The stock had previously closed at $2.58.
Nano Dimension Stock Down 0.8 %
The business has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $2.30.
Institutional Investors Weigh In On Nano Dimension
Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its stake in Nano Dimension by 622.6% in the 4th quarter. Northern Trust Corp now owns 308,820 shares of the technology company's stock worth $766,000 after buying an additional 266,081 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Nano Dimension in the 4th quarter valued at about $1,036,000. Alpine Global Management LLC bought a new stake in Nano Dimension in the fourth quarter worth about $2,128,000. OneDigital Investment Advisors LLC purchased a new position in Nano Dimension during the fourth quarter valued at approximately $25,000. Finally, Tower Research Capital LLC TRC boosted its position in Nano Dimension by 717.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,831 shares of the technology company's stock valued at $32,000 after purchasing an additional 11,261 shares in the last quarter. 33.89% of the stock is currently owned by hedge funds and other institutional investors.
Nano Dimension Company Profile
(
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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.
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