3D Systems (NYSE:DDD) Stock Price Down 6.1% - What's Next?

Shares of 3D Systems Co. (NYSE:DDD - Get Free Report) traded down 6.1% on Friday . The stock traded as low as $3.83 and last traded at $3.84. 1,411,651 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 2,317,384 shares. The stock had previously closed at $4.09.

Analyst Ratings Changes

A number of analysts have recently weighed in on DDD shares. StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a report on Thursday. Loop Capital lowered their price objective on shares of 3D Systems from $4.50 to $2.00 and set a "hold" rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald cut their target price on 3D Systems from $5.50 to $3.75 and set an "overweight" rating on the stock in a research note on Friday, August 30th. Finally, Lake Street Capital lowered their price target on 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $3.25.

3D Systems Price Performance

The stock has a market cap of $538.41 million, a P/E ratio of -1.00 and a beta of 1.64. The business's 50 day moving average price is $3.14 and its two-hundred day moving average price is $3.08. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC boosted its position in shares of 3D Systems by 26.0% during the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company's stock valued at $11,015,000 after purchasing an additional 799,157 shares in the last quarter. Walleye Capital LLC lifted its position in 3D Systems by 3,140.9% during the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company's stock valued at $1,445,000 after acquiring an additional 525,688 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company's stock worth $2,692,000 after acquiring an additional 403,175 shares in the last quarter. Weiss Asset Management LP purchased a new stake in 3D Systems in the third quarter worth about $1,143,000. Finally, XTX Topco Ltd increased its stake in shares of 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock valued at $1,022,000 after purchasing an additional 341,308 shares in the last quarter. 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.