3D Systems (NYSE:DDD) Upgraded at StockNews.com

3D Systems (NYSE:DDD - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.

DDD has been the subject of a number of other reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, March 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.67.

3D Systems Trading Up 3.5 %

Shares of DDD traded up $0.08 during midday trading on Thursday, reaching $2.20. The company had a trading volume of 1,411,941 shares, compared to its average volume of 2,604,181. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. 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 firm has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $3.24. The stock has a market cap of $297.69 million, a PE ratio of -0.54 and a beta of 1.63.

Remove Ads

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in 3D Systems by 15.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company's stock valued at $55,000 after acquiring an additional 2,279 shares in the last quarter. Cetera Investment Advisers raised its stake in 3D Systems by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock valued at $417,000 after buying an additional 2,887 shares in the last quarter. Intech Investment Management LLC raised its stake in 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company's stock valued at $149,000 after buying an additional 3,166 shares in the last quarter. Rhumbline Advisers lifted its holdings in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company's stock worth $680,000 after buying an additional 4,451 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after acquiring an additional 5,700 shares during the last quarter. 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.