Weiss Ratings Reaffirms Sell (D-) Rating for 3D Systems (NYSE:DDD)

Weiss Ratings reissued their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research report released on Thursday,Weiss Ratings reports.

A number of other research analysts have also weighed in on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Friday, April 4th. Finally, Cantor Fitzgerald dropped their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, 3D Systems presently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

Shares of NYSE:DDD opened at $1.94 on Thursday. The company has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $3.12. 3D Systems has a twelve month low of $1.71 and a twelve month high of $5.00. 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 firm has a market capitalization of $262.94 million, a PE ratio of -0.49 and a beta of 1.81.

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of 3D Systems by 2.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 814,994 shares of the 3D printing company’s stock worth $1,728,000 after acquiring an additional 15,911 shares during the last quarter. Diversified Trust Co bought a new position in 3D Systems in the first quarter valued at $97,000. Silverberg Bernstein Capital Management LLC raised its position in 3D Systems by 15.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company’s stock valued at $3,253,000 after purchasing an additional 210,812 shares in the last quarter. Two Sigma Advisers LP lifted its stake in 3D Systems by 553.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after purchasing an additional 1,216,900 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.