Weiss Ratings Reaffirms Sell (D-) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Cantor Fitzgerald lowered their price target on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Trading Down 5.8%

Shares of NYSE:DDD opened at $1.72 on Friday. The stock's 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $2.55. The stock has a market capitalization of $233.94 million, a price-to-earnings ratio of -0.82 and a beta of 1.87. 3D Systems has a 52-week low of $1.32 and a 52-week high of $5.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in 3D Systems by 703.1% during 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 last quarter. NewEdge Advisors LLC lifted its stake 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 worth $28,000 after buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in 3D Systems during the first quarter worth about $29,000. State of Wyoming acquired a new position in 3D Systems during the first quarter worth about $34,000. Finally, Cibc World Markets Corp purchased a new stake in 3D Systems during the 4th quarter valued at about $39,000. 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.

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