Nano Dimension (NASDAQ:NNDM) Shares Up 9.7% – What’s Next?

Nano Dimension Ltd. (NASDAQ:NNDM)’s stock price shot up 9.7% during trading on Friday . The stock traded as high as $2.38 and last traded at $2.38. 3,271,229 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 1,322,645 shares. The stock had previously closed at $2.17.

Nano Dimension Trading Up 9.7 %

The firm has a market cap of $505.65 million, a PE ratio of -5.68 and a beta of 1.68. The stock has a 50 day simple moving average of $2.25 and a 200-day simple moving average of $2.29.

Hedge Funds Weigh In On Nano Dimension

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in shares of Nano Dimension by 10.7% in the first quarter. California State Teachers Retirement System now owns 234,586 shares of the technology company’s stock worth $653,000 after buying an additional 22,580 shares during the period. Virtu Financial LLC acquired a new stake in Nano Dimension during the first quarter worth $42,000. Susquehanna Fundamental Investments LLC raised its holdings in Nano Dimension by 15.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 261,022 shares of the technology company’s stock worth $574,000 after purchasing an additional 34,625 shares during the last quarter. Clearline Capital LP raised its holdings in Nano Dimension by 5.8% during the 2nd quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock worth $10,269,000 after purchasing an additional 256,449 shares during the last quarter. Finally, Creative Planning grew its position in shares of Nano Dimension by 20.1% during the 3rd quarter. Creative Planning now owns 43,365 shares of the technology company’s stock worth $106,000 after buying an additional 7,264 shares during the period. Institutional investors and hedge funds own 33.89% of the company’s stock.

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.