StockNews.com Downgrades 3D Systems (NYSE:DDD) to Sell

3D Systems (NYSE:DDD - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, March 22nd. Craig Hallum upgraded 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, 3D Systems presently has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Stock Down 8.1 %

Shares of DDD traded down $0.17 during midday trading on Friday, reaching $1.87. The stock had a trading volume of 2,607,473 shares, compared to its average volume of 2,660,094. The company has a market cap of $252.78 million, a price-to-earnings ratio of -0.47 and a beta of 1.81. The company's fifty day simple moving average is $3.25 and its two-hundred day simple moving average is $3.21. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDD. ARK Investment Management LLC raised its position in 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock valued at $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of 3D Systems by 2.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock valued at $10,506,000 after buying an additional 68,530 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock valued at $8,541,000 after buying an additional 38,431 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of 3D Systems during the fourth quarter worth about $5,248,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of 3D Systems during the fourth quarter worth about $5,214,000. Hedge funds and other institutional investors own 64.49% of the company's stock.

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.