3D Systems (NYSE:DDD) Stock Passes Above 200-Day Moving Average – Should You Sell?

3D Systems Co. (NYSE:DDD) passed 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 traded.

Wall Street Analysts Forecast Growth

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

3D Systems Price Performance

The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $3.05. The firm has a market capitalization of $444.83 million, a price-to-earnings ratio of -0.82 and a beta of 1.61.

Insider Transactions at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its position in shares of 3D Systems by 26.0% during the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after acquiring an additional 799,157 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after purchasing an additional 525,688 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of 3D Systems in the third quarter valued at $1,143,000. XTX Topco Ltd raised its holdings in shares of 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after acquiring an additional 341,308 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in shares of 3D Systems by 32.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after acquiring an additional 302,484 shares in the last quarter. 64.49% of the stock is 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.