3D Systems (NYSE:DDD) Stock Crosses Above 200 Day Moving Average - Here's What Happened

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)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Tuesday, July 29th. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, 3D Systems has an average rating of "Hold" and an average target price of $3.67.

3D Systems Stock Performance

The firm has a market capitalization of $298.82 million, a P/E ratio of -1.78 and a beta of 1.92. The company has a current ratio of 2.76, a quick ratio of 1.96 and a debt-to-equity ratio of 0.51. The business's 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $2.33.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in 3D Systems by 15.7% during the 4th 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 purchasing an additional 2,279 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of 3D Systems by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock valued at $417,000 after acquiring an additional 2,887 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of 3D Systems by 67.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock valued at $46,000 after acquiring an additional 5,700 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of 3D Systems by 15.5% during the 2nd 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 last quarter. Finally, Prudential Financial Inc. boosted its holdings 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 valued at $28,000 after acquiring an additional 7,887 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.

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