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

Key Points

• Shares of 3D Systems crossed above its two hundred day moving average, trading at $3.19 with a high of $3.48.
• Analysts have mixed ratings on the stock, with one Buy rating, three Hold ratings, and one Sell rating, leading to an average target price of $5.00.
• Hedge funds have increased their stakes in 3D Systems, now holding 64.49% of the company's stock, indicating growing institutional interest.

Shares of 3D Systems Corporation (NYSE:DDD - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.00 and traded as high as $3.48. 3D Systems shares last traded at $3.19, with a volume of 4,235,855 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on DDD shares. Zacks Research raised shares of 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $5.00.

3D Systems Trading Down 1.2%

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.82. The stock has a market cap of $409.12 million, a price-to-earnings ratio of -2.44 and a beta of 2.11. The company's fifty day moving average price is $2.35 and its 200-day moving average price is $2.00.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company's stock worth $4,876,000 after buying an additional 105,500 shares during the period. Silverberg Bernstein Capital Management LLC increased its holdings in 3D Systems by 14.6% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company's stock worth $6,783,000 after buying an additional 298,310 shares during the period. Nuveen LLC acquired a new position in 3D Systems in the 1st quarter worth approximately $3,528,000. Royal Bank of Canada increased its holdings in 3D Systems by 7.7% in the 1st quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock worth $3,242,000 after buying an additional 109,467 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in 3D Systems by 2.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 814,994 shares of the 3D printing company's stock worth $1,728,000 after buying an additional 15,911 shares during the period. Institutional investors and hedge funds 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.

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