3D Systems (NYSE:DDD) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

3D Systems Co. (NYSE:DDD - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.05 and traded as high as $3.29. 3D Systems shares last traded at $3.28, with a volume of 1,955,139 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DDD. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research report on Thursday, December 12th. StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Craig Hallum upgraded 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, 3D Systems currently has a consensus rating of "Hold" and a consensus target price of $3.25.

3D Systems Stock Performance

The stock has a market capitalization of $444.83 million, a P/E ratio of -0.82 and a beta of 1.61. 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 fifty day moving average price is $3.31 and its two-hundred day moving average price is $3.05.

Insider Activity

In other news, CEO Jeffrey A. Graves bought 60,000 shares of 3D Systems stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On 3D Systems

Several hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. purchased a new stake in 3D Systems in the third quarter valued at $28,000. HighTower Advisors LLC acquired a new stake in 3D Systems during the 3rd quarter worth about $31,000. Inspire Investing LLC purchased a new position in shares of 3D Systems during the 2nd quarter valued at about $35,000. Finally, Ballentine Partners LLC acquired a new position in shares of 3D Systems in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds 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.