3D Systems Co. (NYSE:DDD - Get Free Report) shares saw strong trading volume on Tuesday . 6,357,819 shares changed hands during mid-day trading, an increase of 120% from the previous session's volume of 2,894,698 shares.The stock last traded at $4.62 and had previously closed at $3.74.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, February 1st. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum raised shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th. Finally, StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.25.
Read Our Latest Analysis on DDD
3D Systems Price Performance
The company has a 50-day moving average of $3.44 and a 200 day moving average of $3.07. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $635.38 million, a PE ratio of -1.18 and a beta of 1.63.
3D Systems (NYSE:DDD - Get Free Report) last issued its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. Sell-side analysts predict that 3D Systems Co. will post -0.73 EPS for the current year.
Insider Transactions at 3D Systems
In related news, EVP Charles W. Hull sold 115,971 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Graves bought 60,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company's stock.
Institutional Trading of 3D Systems
Several institutional investors have recently made changes to their positions in DDD. Point72 DIFC Ltd acquired a new stake in 3D Systems during the third quarter worth $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems during the 3rd quarter worth $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth about $31,000. Blue Trust Inc. raised its holdings in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after buying an additional 8,050 shares during the period. Finally, Ballentine Partners LLC acquired a new position in 3D Systems in the third quarter valued at about $36,000. Hedge funds and other 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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