Nano Dimension (NASDAQ:NNDM) Trading 7.9% Higher - What's Next?

Nano Dimension Ltd. (NASDAQ:NNDM - Get Free Report)'s stock price was up 7.9% during mid-day trading on Tuesday . The stock traded as high as $2.53 and last traded at $2.52. 1,522,771 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 2,053,681 shares. The stock had previously closed at $2.33.

Nano Dimension Stock Down 2.6 %

The company has a market cap of $550.27 million, a price-to-earnings ratio of -6.32 and a beta of 1.62. The business has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $2.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Nano Dimension in the 4th quarter worth approximately $33,000. Levin Capital Strategies L.P. acquired a new stake in Nano Dimension in the fourth quarter valued at $174,000. Blue Trust Inc. raised its stake in shares of Nano Dimension by 188.6% during the 4th quarter. Blue Trust Inc. now owns 18,862 shares of the technology company's stock worth $47,000 after buying an additional 12,326 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Nano Dimension by 67.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 37,567 shares of the technology company's stock worth $93,000 after buying an additional 15,174 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in Nano Dimension during the 4th quarter valued at about $50,000. 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.