StockNews.com upgraded shares of Desktop Metal (NYSE:DM - Free Report) from a sell rating to a hold rating in a research report report published on Saturday.
Desktop Metal Price Performance
Shares of NYSE:DM traded up $0.10 during trading on Friday, reaching $5.01. The company had a trading volume of 1,323,281 shares, compared to its average volume of 629,515. The company has a fifty day moving average of $2.64 and a two-hundred day moving average of $3.51. 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 stock has a market capitalization of $166.87 million, a P/E ratio of -0.45 and a beta of 0.70. Desktop Metal has a 12 month low of $1.84 and a 12 month high of $11.80.
Institutional Trading of Desktop Metal
A number of hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC lifted its holdings in shares of Desktop Metal by 19.5% in the 4th quarter. Gabelli Funds LLC now owns 432,706 shares of the pipeline company's stock worth $1,013,000 after acquiring an additional 70,758 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Desktop Metal by 2.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 387,865 shares of the pipeline company's stock valued at $908,000 after buying an additional 8,665 shares during the last quarter. Cigogne Management SA bought a new stake in shares of Desktop Metal in the 4th quarter valued at about $702,000. OMERS ADMINISTRATION Corp lifted its stake in shares of Desktop Metal by 247.7% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 284,068 shares of the pipeline company's stock valued at $665,000 after acquiring an additional 202,368 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in Desktop Metal during the 4th quarter valued at about $585,000. Institutional investors own 56.31% of the company's stock.
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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