Why Nano Dimension Shares Are Jumping Today

Nano Dimension Ltd NNDM shares are trading higher by around 9% after the company initiated a share buyback plan.

The company's board of directors authorized a share buyback plan to invest up to $227.5 million to repurchase its American Depository Shares.

Nano Dimension exited the Q1 quarter with cash and equivalents worth $788.14 million.

The company expects to report Q2 2023 results on August 21, 2023.

Last week, NNDM disclosed the successful implementation of SAP as its new Cloud Enterprise Resource Planning (ERP) system, thereby boosting the efficiency of its organization and operations.

Price Action: NNDM shares are trading up 5% at $2.92 on the last check Monday.