Nano Dimension (NASDAQ:NNDM) Trading 10% Higher – Should You Buy?

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price shot up 10% during trading on Tuesday . The stock traded as high as $2.47 and last traded at $2.48. 956,386 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,092,602 shares. The stock had previously closed at $2.25.

Nano Dimension Trading Down 2.5 %

The business’s fifty day simple moving average is $2.36 and its two-hundred day simple moving average is $2.29.

Institutional Trading of Nano Dimension

A number of large investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC acquired a new stake in Nano Dimension during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC increased its stake in Nano Dimension by 192.5% in the 4th quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock valued at $40,000 after buying an additional 10,492 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Nano Dimension in the 3rd quarter worth $41,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Nano Dimension during the fourth quarter worth about $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Nano Dimension by 83.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock valued at $83,000 after buying an additional 15,485 shares in the last quarter. 33.89% of the stock is owned by institutional investors and hedge funds.

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.