Desktop Metal, Inc. (NYSE:DM - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.72 and traded as low as $2.01. Desktop Metal shares last traded at $2.02, with a volume of 304,125 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Desktop Metal from a "hold" rating to a "sell" rating in a research note on Friday, February 7th.
Check Out Our Latest Stock Report on Desktop Metal
Desktop Metal Stock Up 0.7 %
The company's fifty day simple moving average is $2.42 and its 200 day simple moving average is $3.68. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $68.18 million, a PE ratio of -0.18 and a beta of 0.64.
Hedge Funds Weigh In On Desktop Metal
Several institutional investors and hedge funds have recently added to or reduced their stakes in DM. Murchinson Ltd. bought a new position in shares of Desktop Metal in the 3rd quarter worth about $972,000. ARK Investment Management LLC boosted its position in shares of Desktop Metal by 49.1% in the 3rd quarter. ARK Investment Management LLC now owns 762,165 shares of the pipeline company's stock worth $3,559,000 after purchasing an additional 251,156 shares in the last quarter. Olympiad Research LP grew its stake in shares of Desktop Metal by 99.6% in the 4th quarter. Olympiad Research LP now owns 203,252 shares of the pipeline company's stock worth $476,000 after buying an additional 101,419 shares during the last quarter. ABC Arbitrage SA bought a new position in Desktop Metal during the 4th quarter valued at approximately $27,000. Finally, XTX Topco Ltd purchased a new position in Desktop Metal during the third quarter valued at $214,000. Hedge funds and other institutional investors own 56.31% of the company's stock.
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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