Weiss Ratings Reaffirms "Sell (D-)" Rating for 3D Systems (NYSE:DDD)

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD - Free Report) in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, Craig Hallum raised 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $3.25.

3D Systems Stock Performance

3D Systems stock traded down $0.03 during midday trading on Friday, hitting $2.76. The company's stock had a trading volume of 1,884,874 shares, compared to its average volume of 2,453,074. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The company has a market cap of $373.63 million, a price-to-earnings ratio of -0.69 and a beta of 1.63. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.25. The company has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $3.20.

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Insider Activity at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company's stock, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of 3D Systems in the third quarter valued at approximately $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems in the third quarter worth $28,000. Blue Trust Inc. boosted its position in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after acquiring an additional 8,050 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of 3D Systems in the 3rd quarter worth $31,000. Finally, Cibc World Markets Corp purchased a new stake in 3D Systems during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 64.49% of the company's stock.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.