3D Systems (NYSE:DDD) Shares Gap Up to $3.70

Shares of 3D Systems Co. (NYSE:DDD - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.70, but opened at $3.92. 3D Systems shares last traded at $3.78, with a volume of 433,103 shares.

Wall Street Analysts Forecast Growth

DDD has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of 3D Systems in a report on Tuesday, February 13th. They issued an "overweight" rating and a $8.50 price objective for the company. StockNews.com cut shares of 3D Systems from a "hold" rating to a "sell" rating in a research report on Sunday, March 3rd.

3D Systems Trading Down 4.6 %

The firm's 50 day moving average price is $4.61 and its 200-day moving average price is $4.88. The stock has a market cap of $471.01 million, a P/E ratio of -1.30 and a beta of 1.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24.

3D Systems (NYSE:DDD - Get Free Report) last announced its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.10). 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. The business had revenue of $114.85 million for the quarter, compared to analysts' expectations of $124.33 million. As a group, equities research analysts forecast that 3D Systems Co. will post -0.25 earnings per share for the current year.

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of 3D Systems by 40.7% during the first quarter. Envestnet Asset Management Inc. now owns 15,473 shares of the 3D printing company's stock worth $258,000 after acquiring an additional 4,478 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 3D Systems by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,226,617 shares of the 3D printing company's stock worth $20,461,000 after buying an additional 4,812 shares during the period. Citigroup Inc. increased its stake in 3D Systems by 10.4% in the 1st quarter. Citigroup Inc. now owns 148,216 shares of the 3D printing company's stock worth $2,473,000 after buying an additional 13,941 shares during the period. Natixis Advisors L.P. purchased a new position in 3D Systems during the 1st quarter valued at about $638,000. Finally, MetLife Investment Management LLC increased its position in 3D Systems by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 65,646 shares of the 3D printing company's stock valued at $1,095,000 after purchasing an additional 23,623 shares during the period. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Company Profile

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.