3D Systems (NYSE:DDD - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.
Other research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, March 22nd. Craig Hallum raised shares of 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a report on Friday, March 28th. Finally, Cantor Fitzgerald decreased their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a 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 has a consensus rating of "Hold" and an average target price of $3.67.
Read Our Latest Research Report on DDD
3D Systems Stock Up 3.2 %
Shares of DDD traded up $0.07 during mid-day trading on Friday, reaching $2.10. 214,795 shares of the stock traded hands, compared to its average volume of 2,645,025. The stock has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $3.22. The firm has a market cap of $283.95 million, a price-to-earnings ratio of -0.52 and a beta of 1.81. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.00. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.
Institutional Investors Weigh In On 3D Systems
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its stake in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock worth $14,478,000 after buying an additional 535,287 shares in the last quarter. Exchange Traded Concepts LLC raised its position in 3D Systems by 2.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock worth $10,506,000 after acquiring an additional 68,530 shares in the last quarter. Geode Capital Management LLC raised its position in 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock worth $8,541,000 after acquiring an additional 38,431 shares in the last quarter. Icon Advisers Inc. Co. acquired a new stake in 3D Systems in the 4th quarter valued at about $5,248,000. Finally, Penn Capital Management Company LLC bought a new position in shares of 3D Systems during the 4th quarter valued at about $5,214,000. Institutional investors own 64.49% of the company's stock.
3D Systems Company Profile
(
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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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