3D Systems (NYSE:DDD) Shares Cross Above 200 Day Moving Average – Here’s Why

3D Systems Co. (NYSE:DDD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.05 and traded as high as $3.29. 3D Systems shares last traded at $3.28, with a volume of 1,955,139 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Trading Down 1.2 %

The firm has a market cap of $444.83 million, a PE ratio of -0.82 and a beta of 1.61. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $3.05.

Insiders Place Their Bets

In related news, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently bought and sold shares of DDD. Barclays PLC grew its stake in shares of 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after buying an additional 149,793 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of 3D Systems in the 3rd quarter worth $252,000. XTX Topco Ltd grew its stake in shares of 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after buying an additional 341,308 shares in the last quarter. Finally, DF Dent & Co. Inc. purchased a new position in shares of 3D Systems in the 3rd quarter worth $142,000. 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.