3D Systems (NYSE:DDD) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of 3D Systems (NYSE:DDD) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Several other analysts have also recently weighed in on the company. Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 2.5 %

3D Systems stock opened at $2.57 on Tuesday. The company’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $3.20. 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 has a market cap of $347.87 million, a P/E ratio of -0.64 and a beta of 1.63. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.00.

Institutional Trading of 3D Systems

A number of institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new position in 3D Systems in the third quarter valued at about $1,143,000. XTX Topco Ltd raised its position 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 valued at $1,022,000 after buying an additional 341,308 shares in the last quarter. Barclays PLC lifted its holdings in shares of 3D Systems by 260.1% during the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the period. Geode Capital Management LLC boosted its position in shares of 3D Systems by 1.3% during 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 acquiring an additional 38,431 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in 3D Systems by 822.7% in the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after acquiring an additional 124,547 shares during the last quarter. 64.49% of the stock is currently owned by 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.