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

Key Points

• 3D Systems stock recently crossed above its 200-day moving average, reaching highs of $2.95 during trading, with last trades at $2.87.
• Analysts have mixed ratings for the stock, with Zacks upgrading it to "hold," while Weiss Ratings maintained a "sell" rating, resulting in an average target price of $5.00.
• Institutional investors now own 64.49% of 3D Systems, with significant stakes acquired by various firms in recent quarters, indicating growing interest in the company.

3D Systems Corporation (NYSE:DDD - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.98 and traded as high as $2.95. 3D Systems shares last traded at $2.87, with a volume of 3,099,890 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DDD. Zacks Research upgraded shares of 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, 3D Systems currently has an average rating of "Hold" and an average target price of $5.00.

3D Systems Stock Performance

The company has a market cap of $367.44 million, a PE ratio of -2.19 and a beta of 2.11. 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's 50-day simple moving average is $2.18 and its two-hundred day simple moving average is $1.98.

Institutional Trading of 3D Systems

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in 3D Systems during the 1st quarter worth approximately $615,000. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of 3D Systems by 33.0% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 2,040,660 shares of the 3D printing company's stock valued at $3,143,000 after acquiring an additional 506,139 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in shares of 3D Systems by 545.3% in the 1st quarter. Graham Capital Management L.P. now owns 253,035 shares of the 3D printing company's stock valued at $536,000 after acquiring an additional 213,821 shares during the last quarter. Nuveen LLC purchased a new stake in shares of 3D Systems in the 1st quarter valued at $3,528,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems in the 1st quarter valued at $29,000. 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.

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.