3D Systems (NYSE:DDD) Earns Sell (E+) Rating from Weiss Ratings

3D Systems (NYSE:DDD)‘s stock had its “sell (e+)” rating reaffirmed by equities researchers at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

A number of other analysts also recently issued reports on DDD. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Stock Down 0.8 %

Shares of DDD stock opened at $3.09 on Friday. The firm’s fifty day moving average price is $3.27 and its two-hundred day moving average price is $3.05. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.75. The firm has a market capitalization of $418.39 million, a P/E ratio of -0.78 and a beta of 1.61.

Insider Buying and Selling

In other news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value 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. This represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in 3D Systems during the third quarter worth approximately $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems during the 3rd quarter valued at $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter worth $31,000. Inspire Investing LLC acquired a new stake in shares of 3D Systems during the 2nd quarter worth $35,000. Finally, Ballentine Partners LLC bought a new position in shares of 3D Systems in the third quarter worth $36,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.