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

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

Other research analysts have also issued reports about the stock. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Friday, March 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 3.5 %

3D Systems stock opened at $2.65 on Tuesday. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The firm’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.21. 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 company has a market capitalization of $358.71 million, a P/E ratio of -0.66 and a beta of 1.63.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Sumitomo Mitsui Trust Group Inc. increased its stake in 3D Systems by 13.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock valued at $2,821,000 after acquiring an additional 116,158 shares during the period. LMR Partners LLP acquired a new position in 3D Systems in the third quarter valued at about $189,000. Intech Investment Management LLC boosted its position in 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after buying an additional 3,166 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in 3D Systems in the third quarter valued at about $170,000. Finally, DRW Securities LLC acquired a new position in 3D Systems in the third quarter valued at about $291,000. Institutional investors own 64.49% of the company’s stock.

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.