Nano Dimension (NASDAQ:NNDM) Trading 7.8% Higher – What’s Next?

Nano Dimension Ltd. (NASDAQ:NNDM) shares traded up 7.8% during trading on Tuesday . The company traded as high as $2.30 and last traded at $2.2750. 2,264,316 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 2,740,104 shares. The stock had previously closed at $2.11.

Analyst Ratings Changes

NNDM has been the subject of several recent research reports. Wall Street Zen raised Nano Dimension from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Nano Dimension in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Nano Dimension Trading Up 3.6%

The stock’s 50 day moving average is $1.77 and its 200-day moving average is $1.62. The company has a market cap of $473.99 million, a P/E ratio of -1.79 and a beta of 0.91.

Institutional Trading of Nano Dimension

Institutional investors and hedge funds have recently modified their holdings of the business. Immersion Corp increased its stake in shares of Nano Dimension by 343.3% in the 2nd quarter. Immersion Corp now owns 6,020,142 shares of the technology company’s stock worth $9,753,000 after purchasing an additional 4,662,090 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Nano Dimension by 67.3% during the third quarter. Ameriprise Financial Inc. now owns 4,767,833 shares of the technology company’s stock valued at $7,485,000 after purchasing an additional 1,918,091 shares during the period. Clearline Capital LP increased its position in Nano Dimension by 19.0% in the third quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company’s stock worth $10,200,000 after buying an additional 1,035,581 shares in the last quarter. Peapod Lane Capital LLC raised its stake in shares of Nano Dimension by 116.4% in the third quarter. Peapod Lane Capital LLC now owns 1,535,025 shares of the technology company’s stock worth $2,411,000 after buying an additional 825,713 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of Nano Dimension by 1,968.7% during the 3rd quarter. Two Sigma Investments LP now owns 777,739 shares of the technology company’s stock valued at $1,221,000 after buying an additional 740,143 shares in the last quarter. Institutional investors own 33.89% of the company’s stock.

About Nano Dimension

Nano Dimension Ltd. (NASDAQ: NNDM) is a provider of advanced additive manufacturing solutions tailored for the electronics industry. Founded in 2012 and headquartered in Ness Ziona, Israel, the company develops integrated hardware, software and material platforms designed to accelerate the design and production of printed circuit boards (PCBs) and conformal electronic devices. Its flagship DragonFly printers use patented inkjet-based 3D printing technology to produce multi-layer PCB prototypes in a single build process, reducing lead times and enabling rapid design iterations.

In addition to its 3D printing systems, Nano Dimension offers a suite of proprietary conductive and dielectric inks, as well as workflow software that connects designers, engineers and manufacturers.