Nano Dimension (NASDAQ:NNDM) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.76 and traded as high as $1.90. Nano Dimension shares last traded at $1.85, with a volume of 1,917,871 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Nano Dimension in a report on Thursday, January 22nd. Wall Street Zen cut Nano Dimension from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nano Dimension has a consensus rating of “Sell”.

Nano Dimension Stock Performance

The stock has a market cap of $328.62 million, a PE ratio of -1.30 and a beta of 0.99. The stock has a fifty day moving average price of $1.76 and a 200 day moving average price of $1.76.

Nano Dimension (NASDAQ:NNDM) last announced its earnings results on Thursday, May 7th. The technology company reported ($0.34) EPS for the quarter. Nano Dimension had a negative return on equity of 21.24% and a negative net margin of 288.03%.The company had revenue of $29.73 million during the quarter.

Hedge Funds Weigh In On Nano Dimension

A number of large investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Nano Dimension by 2,278.5% during the 4th quarter. State Street Corp now owns 10,362,517 shares of the technology company’s stock valued at $15,958,000 after acquiring an additional 9,926,849 shares during the period. Clearline Capital LP boosted its holdings in Nano Dimension by 19.0% during the 3rd quarter. Clearline Capital LP now owns 6,496,507 shares of the technology company’s stock valued at $10,200,000 after acquiring an additional 1,035,581 shares during the period. Ameriprise Financial Inc. boosted its holdings in Nano Dimension by 67.3% during the 3rd 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 during the period. Millennium Management LLC boosted its holdings in Nano Dimension by 59.5% during the 4th quarter. Millennium Management LLC now owns 2,135,600 shares of the technology company’s stock valued at $3,289,000 after acquiring an additional 796,253 shares during the period. Finally, Man Group plc boosted its holdings in Nano Dimension by 133.3% during the 4th quarter. Man Group plc now owns 1,946,899 shares of the technology company’s stock valued at $2,998,000 after acquiring an additional 1,112,331 shares during the period. Hedge funds and other institutional investors own 33.89% of the company’s stock.

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.