Nano Dimension (NASDAQ:NNDM) Shares Down 5.7% – Time to Sell?

Nano Dimension Ltd. (NASDAQ:NNDM) was down 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 traded hands during 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 3.7 %

The firm has a market cap of $495.02 million, a price-to-earnings ratio of -5.68 and a beta of 1.65. The company has a 50 day moving average of $2.31 and a 200 day moving average of $2.29.

Hedge Funds Weigh In On Nano Dimension

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new stake in shares of Nano Dimension in the third quarter worth $25,000. GAMMA Investing LLC grew its holdings in Nano Dimension by 192.5% during the 4th quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock worth $40,000 after acquiring an additional 10,492 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Nano Dimension in the 3rd quarter worth about $41,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Nano Dimension by 83.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock valued at $83,000 after purchasing an additional 15,485 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Nano Dimension by 3,479.1% during the third quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock worth $99,000 after purchasing an additional 39,175 shares during the last quarter. 33.89% of the stock is currently 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.