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

3D Systems logo with Industrials background

Key Points

  • 3D Systems (NYSE:DDD) has received a "sell (D-)" rating from Weiss Ratings, indicating analysts' concerns over the company's stock performance.
  • Despite the negative rating from Weiss, other analysts have upgraded the stock to "hold," resulting in an average rating of "hold" with a target price of $5.00.
  • The company's stock price has fluctuated between a 12-month low of $1.32 and a high of $5.00, with significant trading activity leading to 2.64 million shares exchanged recently.
  • Interested in 3D Systems? Here are five stocks we like better.

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research raised shares of 3D Systems to a "hold" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, 3D Systems presently has an average rating of "Hold" and a consensus target price of $5.00.

Get Our Latest Report on DDD

3D Systems Stock Performance

Shares of 3D Systems stock traded up $0.15 during mid-day trading on Wednesday, hitting $3.29. 2,641,549 shares of the stock were exchanged, compared to its average volume of 3,728,368. 3D Systems has a 12 month low of $1.32 and a 12 month high of $5.00. The company has a 50-day simple moving average of $2.29 and a 200 day simple moving average of $1.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76. The company has a market capitalization of $421.30 million, a P/E ratio of -2.51 and a beta of 2.11.

Hedge Funds Weigh In On 3D Systems

A number of large investors have recently bought and sold shares of DDD. Diversified Trust Co purchased a new position in 3D Systems in the 1st quarter worth approximately $97,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 3D Systems by 2.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 814,994 shares of the 3D printing company's stock worth $1,728,000 after purchasing an additional 15,911 shares during the period. CWM LLC boosted its holdings in shares of 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after purchasing an additional 10,814 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems during the first quarter worth about $29,000. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of 3D Systems by 12.1% during the first quarter. Pinnacle Associates Ltd. now owns 86,915 shares of the 3D printing company's stock worth $184,000 after purchasing an additional 9,375 shares during the period. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Company Profile

(Get Free Report)

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.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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