Weiss Ratings Reaffirms "Sell (D-)" Rating for 3D Systems (NYSE:DDD)

Key Points

• 3D Systems' stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook for the company.
• Despite receiving mixed ratings, including a consensus "Hold" rating, the stock is trending downward, down 4.3% recently.
• Institutional investors are increasing their stakes in 3D Systems, with 64.49% of shares now held by institutional investors and hedge funds.

Weiss Ratings restated their sell (d-) rating on shares of 3D Systems (NYSE:DDD - Free Report) in a report issued on Saturday,Weiss Ratings reports.

Several other research firms have also issued reports on DDD. Zacks Research upgraded shares of 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $3.67.

3D Systems Price Performance

3D Systems stock traded down $0.13 during mid-day trading on Friday, hitting $2.06. The company's stock had a trading volume of 4,715,446 shares, compared to its average volume of 3,659,904. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $263.56 million, a P/E ratio of -1.57 and a beta of 2.09. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The stock's fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.12.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bridgeway Capital Management LLC purchased a new position in shares of 3D Systems during the 2nd quarter valued at $110,000. Brevan Howard Capital Management LP acquired a new stake in shares of 3D Systems in the 2nd quarter valued at $58,000. Bank of America Corp DE lifted its stake in shares of 3D Systems by 2.0% in the 2nd quarter. Bank of America Corp DE now owns 659,635 shares of the 3D printing company's stock valued at $1,016,000 after purchasing an additional 13,236 shares during the last quarter. Sei Investments Co. lifted its stake in shares of 3D Systems by 721.0% in the 2nd quarter. Sei Investments Co. now owns 94,619 shares of the 3D printing company's stock valued at $146,000 after purchasing an additional 83,094 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of 3D Systems in the 2nd quarter valued at $139,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.