Why Nano Dimension Stock Is Soaring Today
Nano Dimension (NASDAQ: NNDM) stock is making big gains in Wednesday's trading. The company's share price was up 8.6% as of 2 p.m. ET. The 3D-printing semiconductor stock had been up as much as 10% earlier in the day's trading.
Nano Dimension stock is surging thanks to news that the company is on track to acquire Markforged -- an industrial 3D-printing specialist. The news comes on the heels of Nano Dimension's announcement in July that it would be acquiring Desktop Metal.
Nano Dimension is on track to acquire Markforged in an all-cash deal that values the company at $5 per share. The deal will see Markforged acquired at a $115 million valuation, representing a 71.8% premium compared to its valuation prior to the buyout announcement. Last year, the business posted sales of $93.8 million and a 48.6% non-GAAP (adjusted) gross margin.
Source Fool.com
