3D Systems (NYSE:DDD) Trading 5.4% Higher - Here's What Happened

3D Systems Co. (NYSE:DDD - Get Free Report) was up 5.4% during trading on Monday . The company traded as high as $3.74 and last traded at $3.80. Approximately 683,122 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 2,619,637 shares. The stock had previously closed at $3.60.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DDD. Craig Hallum raised shares of 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, February 1st. StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.25.

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3D Systems Trading Down 8.4 %

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 stock has a market capitalization of $581.13 million, a PE ratio of -1.08 and a beta of 1.63. The business's 50-day moving average is $3.47 and its two-hundred day moving average is $3.07.

3D Systems (NYSE:DDD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, equities research analysts anticipate that 3D Systems Co. will post -0.73 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey A. Graves purchased 60,000 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems during the 3rd quarter worth about $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems during the third quarter valued at approximately $28,000. HighTower Advisors LLC acquired a new stake in 3D Systems during the third quarter worth approximately $31,000. Blue Trust Inc. grew its stake 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 worth $33,000 after acquiring an additional 8,050 shares during the period. Finally, Ballentine Partners LLC acquired a new position in 3D Systems in the 3rd quarter valued at $36,000. Hedge funds and other 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.