Desktop Metal (NYSE:DM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Thursday.
Desktop Metal Stock Performance
NYSE DM traded down $0.03 during trading on Thursday, hitting $3.77. The company's stock had a trading volume of 289,411 shares, compared to its average volume of 400,353. Desktop Metal has a 52 week low of $3.62 and a 52 week high of $11.80. The firm has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.59. The firm has a market cap of $125.53 million, a P/E ratio of -0.34 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56.
Hedge Funds Weigh In On Desktop Metal
A number of hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new position in Desktop Metal in the first quarter worth $281,000. ARK Investment Management LLC grew its stake in shares of Desktop Metal by 49.1% during the third quarter. ARK Investment Management LLC now owns 762,165 shares of the pipeline company's stock valued at $3,559,000 after purchasing an additional 251,156 shares during the last quarter. Murchinson Ltd. acquired a new position in Desktop Metal during the 3rd quarter worth $972,000. Price T Rowe Associates Inc. MD increased its stake in shares of Desktop Metal by 66.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 397,277 shares of the pipeline company's stock valued at $350,000 after buying an additional 158,872 shares during the period. Finally, Olympiad Research LP bought a new position in Desktop Metal in the third quarter valued at about $476,000. 56.31% of the stock is owned by institutional investors and hedge funds.
About Desktop Metal
(
Get Free Report)
Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.
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