Nano Dimension (NASDAQ:NNDM) Stock Price Down 5.4%

Nano Dimension Ltd. (NASDAQ:NNDM)’s stock price dropped 5.4% on Thursday . The company traded as low as $6.44 and last traded at $6.50. Approximately 167,905 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 10,686,046 shares. The stock had previously closed at $6.87.

The business has a 50 day moving average price of $7.33. The firm has a market capitalization of $1.64 billion, a P/E ratio of -6.69 and a beta of 2.36.

Nano Dimension (NASDAQ:NNDM) last released its quarterly earnings data on Thursday, May 20th. The technology company reported ($0.05) earnings per share for the quarter. Nano Dimension had a negative return on equity of 9.92% and a negative net margin of 1,588.77%. The business had revenue of $0.81 million during the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of NNDM. BlackRock Inc. acquired a new position in shares of Nano Dimension during the fourth quarter valued at about $3,059,000. Wells Fargo & Company MN increased its holdings in Nano Dimension by 3,259.2% in the 4th quarter. Wells Fargo & Company MN now owns 33,592 shares of the technology company’s stock worth $306,000 after buying an additional 32,592 shares during the period. Citigroup Inc. acquired a new position in Nano Dimension in the 4th quarter worth approximately $315,000. LPL Financial LLC acquired a new position in Nano Dimension in the 4th quarter worth approximately $151,000. Finally, ETF Managers Group LLC acquired a new position in Nano Dimension in the 4th quarter worth approximately $889,000. Hedge funds and other institutional investors own 17.28% of the company’s stock.

About Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Its flagship product is the proprietary DragonFly lights-out digital manufacturing (LDM) system, a precision system that produces professional multilayer circuit-boards, radio frequency antennas, sensors, conductive geometries, and molded connected devices for prototyping through custom additive manufacturing.

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