Shares of Nano Dimension Ltd. (NASDAQ:NNDM - Get Free Report) dropped 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 were traded during mid-day 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 Stock Down 7.6 %
The stock has a 50-day moving average of $2.31 and a 200-day moving average of $2.28. The company has a market cap of $514.14 million, a PE ratio of -5.90 and a beta of 1.65.
Institutional Trading of Nano Dimension
A number of large investors have recently modified their holdings of the business. Clearline Capital LP raised its stake in Nano Dimension by 5.8% in the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company's stock valued at $10,269,000 after purchasing an additional 256,449 shares in the last quarter. State Street Corp raised its position in shares of Nano Dimension by 0.5% during the 3rd quarter. State Street Corp now owns 2,081,161 shares of the technology company's stock valued at $5,099,000 after buying an additional 10,950 shares in the last quarter. ARK Investment Management LLC grew its position in Nano Dimension by 2.2% in the third quarter. ARK Investment Management LLC now owns 1,777,140 shares of the technology company's stock worth $4,354,000 after acquiring an additional 37,579 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in Nano Dimension by 6.3% in the third quarter. Arete Wealth Advisors LLC now owns 882,534 shares of the technology company's stock valued at $2,158,000 after acquiring an additional 52,189 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Nano Dimension by 86.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 383,189 shares of the technology company's stock valued at $939,000 after purchasing an additional 177,951 shares in the last quarter. Institutional investors own 33.89% of the company's stock.
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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