Nano Dimension Target of Unusually High Options Trading (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDMGet Free Report) was the recipient of unusually large options trading on Monday. Stock traders acquired 25,005 put options on the stock. This represents an increase of 436% compared to the average volume of 4,665 put options.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Nano Dimension from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Report on NNDM

Institutional Trading of Nano Dimension

Institutional investors and hedge funds have recently made changes to their positions in the company. Peapod Lane Capital LLC increased its holdings in Nano Dimension by 116.4% in the 3rd quarter. Peapod Lane Capital LLC now owns 1,535,025 shares of the technology company’s stock valued at $2,411,000 after purchasing an additional 825,713 shares in the last quarter. Clearline Capital LP increased its holdings in Nano Dimension by 19.0% in the 3rd quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company’s stock valued at $10,200,000 after purchasing an additional 1,035,581 shares in the last quarter. ARK Investment Management LLC increased its holdings in Nano Dimension by 8.9% in the 3rd quarter. ARK Investment Management LLC now owns 1,935,939 shares of the technology company’s stock valued at $3,039,000 after purchasing an additional 158,094 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in Nano Dimension in the 3rd quarter valued at $92,000. Finally, Kazazian Asset Management LLC acquired a new stake in Nano Dimension in the 3rd quarter valued at $157,000. 33.89% of the stock is currently owned by institutional investors and hedge funds.

Nano Dimension Stock Down 1.0%

Shares of NNDM stock traded down $0.02 on Monday, reaching $1.55. 1,074,167 shares of the stock were exchanged, compared to its average volume of 2,378,723. The stock has a market cap of $323.23 million, a P/E ratio of -3.51 and a beta of 0.99. The firm has a 50 day moving average of $1.70 and a two-hundred day moving average of $1.76. Nano Dimension has a 1-year low of $1.31 and a 1-year high of $2.32.

Nano Dimension (NASDAQ:NNDMGet Free Report) last released its quarterly earnings data on Friday, May 8th. The technology company reported ($0.34) EPS for the quarter. The firm had revenue of $29.73 million for the quarter. Nano Dimension had a negative return on equity of 22.07% and a negative net margin of 286.72%.

About Nano Dimension

(Get Free Report)

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.

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