Nano Dimension (NASDAQ:NNDM) Shares Gap Up to $2.46

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.46, but opened at $2.53. Nano Dimension shares last traded at $2.46, with a volume of 254,289 shares changing hands.

Nano Dimension Price Performance

The business has a 50 day moving average price of $2.41 and a two-hundred day moving average price of $2.53.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings results on Monday, June 3rd. The technology company reported ($0.15) EPS for the quarter. Nano Dimension had a negative return on equity of 10.84% and a negative net margin of 203.87%. The business had revenue of $13.36 million during the quarter.

Institutional Trading of Nano Dimension

Several hedge funds have recently modified their holdings of NNDM. Keynote Financial Services LLC bought a new stake in shares of Nano Dimension in the 1st quarter worth about $36,000. Virtu Financial LLC bought a new stake in Nano Dimension during the first quarter worth approximately $42,000. Levin Capital Strategies L.P. purchased a new stake in Nano Dimension during the fourth quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Nano Dimension by 22.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,734 shares of the technology company’s stock valued at $203,000 after purchasing an additional 15,700 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Nano Dimension in the 1st quarter valued at approximately $631,000. 33.89% of the stock is owned by hedge funds and other 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.