3D Systems (NYSE:DDD) Shares Gap Down - What's Next?

3D Systems Co. (NYSE:DDD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $3.96, but opened at $3.84. 3D Systems shares last traded at $3.88, with a volume of 265,182 shares.

Analyst Ratings Changes

DDD has been the topic of several research analyst reports. Cantor Fitzgerald dropped their price objective on shares of 3D Systems from $5.50 to $3.75 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Loop Capital lowered their price objective on 3D Systems from $4.50 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a report on Thursday, December 12th. Craig Hallum upgraded 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, 3D Systems currently has an average rating of "Hold" and an average target price of $3.25.

3D Systems Price Performance

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 has a 50 day moving average price of $3.18 and a 200-day moving average price of $3.08. The company has a market capitalization of $514.00 million, a price-to-earnings ratio of -0.95 and a beta of 1.64.

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in 3D Systems by 260.1% during the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company's stock valued at $589,000 after acquiring an additional 149,793 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock valued at $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in 3D Systems during the third quarter valued at about $252,000. XTX Topco Ltd grew its position in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock valued at $1,022,000 after acquiring an additional 341,308 shares during the period. Finally, DF Dent & Co. Inc. purchased a new position in 3D Systems in the third quarter valued at approximately $142,000. Institutional investors 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.