3D Systems (NYSE:DDD) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• 3D Systems (NYSE:DDD) received a sell (D-) rating from Weiss Ratings, indicating a negative outlook on the company's stock performance.
• Despite the sell rating, other analysts have a mixed view, with Needham & Company issuing a hold rating and four analysts suggesting a cautious approach with a consensus rating of "Hold."
• The stock has experienced volatility, with a twelve-month low of $1.32 and a high of $5.00, currently trading at around $2.08.

Weiss Ratings reiterated their sell (d-) rating on shares of 3D Systems (NYSE:DDD - Free Report) in a research report released on Thursday,Weiss Ratings reports.

DDD has been the subject of several other research reports. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.67.

3D Systems Stock Down 4.5%

NYSE DDD traded down $0.10 during mid-day trading on Thursday, hitting $2.00. The company's stock had a trading volume of 1,052,443 shares, compared to its average volume of 3,572,884. The company's 50 day simple moving average is $1.73 and its 200 day simple moving average is $2.27. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $255.86 million, a price-to-earnings ratio of -1.52 and a beta of 1.92.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penn Capital Management Company LLC purchased a new stake in shares of 3D Systems in the fourth quarter worth about $5,214,000. ProShare Advisors LLC lifted its holdings in shares of 3D Systems by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company's stock worth $176,000 after buying an additional 15,787 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock worth $4,894,000 after buying an additional 944,010 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 3D Systems by 975.3% in the fourth quarter. BNP Paribas Financial Markets now owns 503,027 shares of the 3D printing company's stock worth $1,650,000 after buying an additional 456,249 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 3D Systems by 446.6% in the fourth quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company's stock worth $1,010,000 after buying an additional 251,661 shares in the last quarter. 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.