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

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading activity on Wednesday. Investors bought 3,137 call options on the company. This represents an increase of approximately 341% compared to the average volume of 712 call options.

Institutional Investors Weigh In On Nano Dimension

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in Nano Dimension during the third quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nano Dimension by 22.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,734 shares of the technology company’s stock worth $203,000 after purchasing an additional 15,700 shares during the period. Levin Capital Strategies L.P. acquired a new stake in Nano Dimension during the fourth quarter worth about $120,000. Algert Global LLC bought a new stake in shares of Nano Dimension during the 3rd quarter worth approximately $124,000. Finally, California State Teachers Retirement System boosted its position in shares of Nano Dimension by 10.7% during the 1st quarter. California State Teachers Retirement System now owns 234,586 shares of the technology company’s stock worth $653,000 after acquiring an additional 22,580 shares in the last quarter. Institutional investors and hedge funds own 33.89% of the company’s stock.

Nano Dimension Stock Up 16.7 %

Nano Dimension stock opened at $2.52 on Thursday. The company’s 50-day moving average price is $2.46 and its two-hundred day moving average price is $2.53. The stock has a market cap of $535.40 million, a P/E ratio of -5.48 and a beta of 1.70. Nano Dimension has a twelve month low of $2.06 and a twelve month high of $3.35.

Nano Dimension (NASDAQ:NNDM) last announced its earnings results on Monday, June 3rd. The technology company reported ($0.15) earnings per share for the quarter. The firm had revenue of $13.36 million for the quarter. Nano Dimension had a negative return on equity of 10.84% and a negative net margin of 203.87%.

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.