Desktop Metal, Inc. (NYSE:DM - Get Free Report) saw some unusual options trading on Tuesday. Stock traders purchased 5,257 call options on the stock. This is an increase of approximately 1,415% compared to the typical volume of 347 call options.
Desktop Metal Trading Up 3.0 %
NYSE:DM traded up $0.15 during trading hours on Friday, hitting $4.99. 1,349,751 shares of the company were exchanged, compared to its average volume of 625,080. The company has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $3.52. Desktop Metal has a one year low of $1.84 and a one year high of $11.80. The stock has a market capitalization of $166.20 million, a price-to-earnings ratio of -0.45 and a beta of 0.70. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Desktop Metal from a "sell" rating to a "hold" rating in a report on Saturday.
Get Our Latest Analysis on Desktop Metal
Hedge Funds Weigh In On Desktop Metal
Hedge funds have recently made changes to their positions in the stock. ABC Arbitrage SA bought a new stake in Desktop Metal in the fourth quarter valued at approximately $27,000. Squarepoint Ops LLC acquired a new position in shares of Desktop Metal in the 4th quarter worth approximately $41,000. Fifth Lane Capital LP bought a new position in Desktop Metal during the fourth quarter worth $42,000. Cresset Asset Management LLC acquired a new position in Desktop Metal in the fourth quarter valued at $51,000. Finally, Virtu Financial LLC bought a new stake in Desktop Metal during the fourth quarter valued at $90,000. 56.31% of the stock is currently owned by institutional investors.
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.
Further Reading
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