StockNews.com Upgrades 3D Systems (NYSE:DDD) to "Hold"

StockNews.com upgraded shares of 3D Systems (NYSE:DDD - Free Report) from a sell rating to a hold rating in a report published on Monday.

Several other equities analysts have also weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research note on Friday, March 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $3.67.

3D Systems Trading Up 5.8 %

DDD traded up $0.11 during trading on Monday, reaching $2.00. 2,696,627 shares of the company's stock were exchanged, compared to its average volume of 2,722,069. The company's fifty day moving average price is $2.35 and its 200-day moving average price is $3.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The firm has a market capitalization of $271.09 million, a PE ratio of -0.50 and a beta of 1.94. 3D Systems has a fifty-two week low of $1.71 and a fifty-two week high of $5.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its stake in 3D Systems by 703.1% in the 1st 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. Blue Trust Inc. boosted its position in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares during the period. Cibc World Markets Corp bought a new position in shares of 3D Systems during the 4th quarter worth approximately $39,000. Boothbay Fund Management LLC bought a new stake in 3D Systems during the 4th quarter worth about $44,000. Finally, Canada Pension Plan Investment Board boosted 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 last quarter. 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.