Needham & Company LLC Reiterates Hold Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “hold” rating restated by equities research analysts at Needham & Company LLC in a report released on Friday,Benzinga reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, 3D Systems currently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Stock Down 1.6 %

Shares of DDD opened at $2.12 on Friday. The firm has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $3.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The company has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in 3D Systems during the 3rd quarter worth about $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems during the third quarter worth about $28,000. Blue Trust Inc. lifted its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the period. HighTower Advisors LLC bought a new stake in 3D Systems in the third quarter valued at approximately $31,000. Finally, Cibc World Markets Corp acquired a new stake in 3D Systems during the 4th quarter valued at approximately $39,000. 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.