Weiss Ratings Reiterates Sell (E+) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "sell (e+)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

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

3D Systems Price Performance

NYSE:DDD traded up $0.02 during trading hours on Friday, hitting $1.56. The company's stock had a trading volume of 3,401,695 shares, compared to its average volume of 3,210,771. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.79 and a quick ratio of 1.96. The stock has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $2.66. The company has a market capitalization of $212.12 million, a P/E ratio of -0.74 and a beta of 1.87.

Institutional Trading of 3D Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of 3D Systems by 2.2% in the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company's stock valued at $680,000 after buying an additional 4,451 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of 3D Systems by 496.9% in the fourth quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company's stock worth $71,000 after acquiring an additional 17,900 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of 3D Systems in the fourth quarter worth approximately $87,000. Charles Schwab Investment Management Inc. boosted its holdings in 3D Systems by 17.5% in the fourth 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in 3D Systems during the 4th quarter valued at approximately $318,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.