3D Systems (NYSE:DDD) Stock Rating Upgraded by StockNews.com

3D Systems (NYSE:DDD - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday.

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

3D Systems Stock Performance

Shares of 3D Systems stock traded up $0.01 during trading on Monday, hitting $1.95. 2,356,851 shares of the stock were exchanged, compared to its average volume of 2,702,944. The stock's fifty day moving average is $2.52 and its 200 day moving average is $3.12. The stock has a market cap of $264.31 million, a PE ratio of -0.49 and a beta of 1.81. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a 12 month low of $1.71 and a 12 month high of $5.00.

Hedge Funds Weigh In On 3D Systems

Large investors have recently made changes to their positions in the business. Penn Capital Management Company LLC bought a new position in shares of 3D Systems during the 4th quarter valued at about $5,214,000. Icon Advisers Inc. Co. bought a new position in shares of 3D Systems during the 4th quarter valued at about $5,248,000. Barclays PLC increased its position in shares of 3D Systems by 260.1% in the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company's stock worth $589,000 after acquiring an additional 149,793 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 3D Systems by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock valued at $3,913,000 after acquiring an additional 178,102 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock worth $8,541,000 after purchasing an additional 38,431 shares during the period. 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.

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