Desktop Metal, Inc. (NYSE:DM - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.34 and traded as high as $2.49. Desktop Metal shares last traded at $2.21, with a volume of 256,895 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Desktop Metal from a "hold" rating to a "sell" rating in a report on Friday, February 7th.
Get Our Latest Research Report on Desktop Metal
Desktop Metal Stock Performance
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 stock has a market cap of $150.37 million, a price-to-earnings ratio of -0.40 and a beta of 0.70. The stock's fifty day moving average is $2.34 and its 200-day moving average is $3.50.
Institutional Trading of Desktop Metal
Hedge funds have recently added to or reduced their stakes in the business. Gabelli Funds LLC grew its stake in Desktop Metal by 19.5% in the fourth quarter. Gabelli Funds LLC now owns 432,706 shares of the pipeline company's stock valued at $1,013,000 after acquiring an additional 70,758 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Desktop Metal by 2.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 387,865 shares of the pipeline company's stock valued at $908,000 after purchasing an additional 8,665 shares during the period. Cigogne Management SA acquired a new position in shares of Desktop Metal in the 4th quarter valued at approximately $702,000. OMERS ADMINISTRATION Corp increased its stake in Desktop Metal by 247.7% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 284,068 shares of the pipeline company's stock worth $665,000 after purchasing an additional 202,368 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in Desktop Metal during the 4th quarter worth approximately $585,000. Institutional investors and hedge funds own 56.31% of the company's stock.
Desktop Metal Company Profile
(
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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