Shares of Desktop Metal, Inc. (NYSE:DM - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.69 and traded as high as $4.95. Desktop Metal shares last traded at $4.87, with a volume of 275,308 shares traded.
Desktop Metal Price Performance
The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The firm has a market cap of $160.70 million, a PE ratio of -0.43 and a beta of 0.60. The business has a fifty day moving average of $4.70 and a 200-day moving average of $5.13.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Desktop Metal during the second quarter valued at approximately $25,000. Levin Capital Strategies L.P. bought a new position in shares of Desktop Metal in the first quarter worth approximately $35,000. Empowered Funds LLC purchased a new position in shares of Desktop Metal in the first quarter valued at about $45,000. Point72 DIFC Ltd bought a new position in Desktop Metal in the 2nd quarter worth approximately $68,000. Finally, Keating Investment Counselors Inc. purchased a new stake in Desktop Metal in the 1st quarter worth $72,000. 56.31% of the stock is owned by hedge funds and other institutional investors.
Desktop Metal Company Profile
(
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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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