3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.
Several other research firms have also recently weighed in on DDD. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. StockNews.com lowered 3D Systems from a "hold" rating to a "sell" rating in a research report on Friday, April 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.67.
Check Out Our Latest Report on DDD
3D Systems Price Performance
DDD remained flat at $1.94 during trading on Thursday. 1,336,192 shares of the company's stock were exchanged, compared to its average volume of 2,704,321. The company has a market capitalization of $262.96 million, a P/E ratio of -0.49 and a beta of 1.81. The stock has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $3.12. 3D Systems has a twelve month low of $1.71 and a twelve month high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.
Institutional Investors Weigh In On 3D Systems
Several institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in shares of 3D Systems in the third quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after purchasing an additional 8,050 shares during the period. Cibc World Markets Corp purchased a new position in 3D Systems during the 4th quarter worth $39,000. Boothbay Fund Management LLC acquired a new position in 3D Systems in the fourth quarter valued at $44,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of 3D Systems by 67.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company's stock.
About 3D Systems
(
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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.
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