StockNews.com upgraded shares of 3D Systems (NYSE:DDD - Free Report) from a sell rating to a hold rating in a research report report published on Thursday morning.
Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald decreased their price objective on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, April 24th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a report on Friday, March 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, 3D Systems presently has an average rating of "Hold" and a consensus price target of $3.67.
Get Our Latest Analysis on 3D Systems
3D Systems Stock Performance
DDD stock traded down $0.59 during trading on Thursday, hitting $1.96. The company had a trading volume of 7,509,206 shares, compared to its average volume of 2,791,063. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 1-year low of $1.71 and a 1-year high of $5.00. The firm has a 50-day moving average price of $2.21 and a 200-day moving average price of $3.05. The firm has a market cap of $265.67 million, a PE ratio of -0.49 and a beta of 1.94.
Institutional Trading of 3D Systems
A number of hedge funds have recently made changes to their positions in DDD. CWM LLC lifted its holdings in 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 purchasing an additional 10,814 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in 3D Systems during the 1st quarter worth $29,000. Blue Trust Inc. lifted its stake in shares of 3D Systems by 411.6% in the 4th 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 during the period. Cibc World Markets Corp bought a new position in shares of 3D Systems in the 4th quarter worth $39,000. Finally, Boothbay Fund Management LLC bought a new position in 3D Systems during the fourth quarter worth about $44,000. 64.49% of the stock is owned by hedge funds and other institutional investors.
3D Systems Company Profile
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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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