3D Systems (NYSE:DDD) Cut to Sell at StockNews.com

StockNews.com lowered shares of 3D Systems (NYSE:DDD - Free Report) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, Craig Hallum raised shares of 3D Systems to a "hold" rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $3.25.

3D Systems Price Performance

NYSE:DDD traded up $0.02 during trading hours on Tuesday, hitting $2.58. The company's stock had a trading volume of 9,162,207 shares, compared to its average volume of 2,513,036. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The business's 50-day moving average is $3.55 and its two-hundred day moving average is $3.21. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.00. The company has a market capitalization of $349.22 million, a PE ratio of -0.65 and a beta of 1.63.

Remove Ads

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Icon Advisers Inc. Co. acquired a new stake in shares of 3D Systems during the 4th quarter valued at $5,248,000. Penn Capital Management Company LLC bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $5,214,000. Two Sigma Advisers LP boosted its stake in shares of 3D Systems by 553.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock valued at $4,712,000 after purchasing an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP grew its stake in 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock worth $4,894,000 after buying an additional 944,010 shares during the last quarter. Finally, ARK Investment Management LLC raised its position in 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 valued at $14,478,000 after purchasing an additional 535,287 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.