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

3D Systems (NYSE:DDD - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on DDD. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Cantor Fitzgerald cut their price target on 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, May 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $3.67.

3D Systems Trading Up 1.5%

Shares of NYSE:DDD opened at $1.73 on Wednesday. The stock has a 50 day moving average of $2.09 and a 200 day moving average of $2.99. The company has a market cap of $235.31 million, a PE ratio of -0.43 and a beta of 1.94. 3D Systems has a 12-month low of $1.65 and a 12-month high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently bought and sold shares of DDD. Blue Trust Inc. grew 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 valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Cibc World Markets Corp bought a new stake in 3D Systems in the 4th quarter worth approximately $39,000. CWM LLC boosted its position in shares of 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock valued at $26,000 after acquiring an additional 10,814 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock valued at $28,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in 3D Systems in the fourth quarter worth $44,000. 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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