Nano Dimension (NASDAQ:NNDM) Share Price Passes Below 50-Day Moving Average of $2.73

Shares of Nano Dimension Ltd. (NASDAQ:NNDM) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.73 and traded as low as $2.46. Nano Dimension shares last traded at $2.51, with a volume of 587,610 shares.

Nano Dimension Trading Up 2.0 %

The firm has a market capitalization of $533.26 million, a P/E ratio of -11.41 and a beta of 1.76. The company has a 50 day simple moving average of $2.73 and a two-hundred day simple moving average of $2.55.

Nano Dimension (NASDAQ:NNDM) last posted its quarterly earnings results on Thursday, March 21st. The technology company reported ($0.01) earnings per share for the quarter. Nano Dimension had a negative return on equity of 5.02% and a negative net margin of 96.87%. The business had revenue of $14.45 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNDM. Commonwealth Equity Services LLC boosted its stake in Nano Dimension by 1.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 643,212 shares of the technology company’s stock worth $1,750,000 after purchasing an additional 9,405 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Nano Dimension by 30.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 546,540 shares of the technology company’s stock worth $1,487,000 after acquiring an additional 128,515 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Nano Dimension by 42.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,034 shares of the technology company’s stock worth $188,000 after acquiring an additional 20,662 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Nano Dimension by 21.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 502,626 shares of the technology company’s stock worth $1,367,000 after acquiring an additional 89,112 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Nano Dimension during the 3rd quarter worth approximately $63,000. 33.89% of the stock is currently owned by 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.