Nano Dimension Sees Unusually High Options Volume (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 8,895 call options on the stock. This represents an increase of approximately 103% compared to the typical daily volume of 4,381 call options.

Nano Dimension Stock Down 5.1%

Shares of NASDAQ NNDM opened at $2.03 on Thursday. Nano Dimension has a 52 week low of $1.31 and a 52 week high of $2.61. The firm’s fifty day moving average is $1.78 and its 200 day moving average is $1.63. The company has a market cap of $426.99 million, a price-to-earnings ratio of -1.66 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Immersion Corp lifted its holdings in 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 buying an additional 4,662,090 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of 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 acquiring an additional 1,918,091 shares in the last quarter. Clearline Capital LP lifted its stake 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 acquiring an additional 1,035,581 shares during the period. Peapod Lane Capital LLC boosted its holdings in 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 valued at $2,411,000 after acquiring an additional 825,713 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in 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 purchasing an additional 740,143 shares during the period. Institutional investors own 33.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NNDM. Wall Street Zen raised Nano Dimension from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Nano Dimension in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Nano Dimension Company Profile

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.