3D Systems (NYSE:DDD) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• 3D Systems' stock price surpassed its two hundred day moving average, trading at $2.33 with a high of $2.38 during Wednesday's session.
• Despite advancements, Weiss Ratings maintains a "sell (d-)" rating, while Wall Street Zen upgraded the stock from "sell" to "hold," reflecting mixed analyst assessments.
• Institutional investors hold 64.49% of 3D Systems' stock, with significant recent increases in holdings from several firms, indicating strong institutional interest.

3D Systems Corporation (NYSE:DDD - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.33 and traded as high as $2.38. 3D Systems shares last traded at $2.33, with a volume of 6,569,398 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on DDD. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Zacks Research raised 3D Systems to a "hold" rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Thursday. Finally, Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.67.

3D Systems Stock Down 0.7%

The company has a fifty day moving average of $1.73 and a two-hundred day moving average of $2.28. The company has a market cap of $260.99 million, a PE ratio of -1.55 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of 3D Systems by 15.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company's stock valued at $55,000 after buying an additional 2,279 shares during the period. Cetera Investment Advisers lifted its position in 3D Systems by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock valued at $417,000 after purchasing an additional 2,887 shares during the period. Canada Pension Plan Investment Board lifted its position in 3D Systems by 67.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after purchasing an additional 5,700 shares during the period. ProShare Advisors LLC lifted its holdings in 3D Systems by 15.5% in the second quarter. ProShare Advisors LLC now owns 54,426 shares of the 3D printing company's stock valued at $84,000 after acquiring an additional 7,300 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of 3D Systems by 74.8% during the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock worth $28,000 after buying an additional 7,887 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

About 3D Systems

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.