Desktop Metal (NYSE:DM) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Desktop Metal (NYSE:DM) in a report issued on Monday. The brokerage set a “hold” rating on the pipeline company’s stock.

Desktop Metal Stock Performance

Shares of NYSE DM opened at $4.96 on Monday. The company has a market cap of $165.37 million, a P/E ratio of -0.44 and a beta of 0.17. Desktop Metal has a 52-week low of $1.84 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 2.34. The firm’s fifty day moving average is $4.02 and its two-hundred day moving average is $3.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ABC Arbitrage SA purchased a new stake in Desktop Metal during the fourth quarter valued at $27,000. Squarepoint Ops LLC bought a new stake in shares of Desktop Metal in the 4th quarter worth about $41,000. Fifth Lane Capital LP purchased a new stake in shares of Desktop Metal during the 4th quarter valued at about $42,000. Cresset Asset Management LLC purchased a new stake in shares of Desktop Metal during the 4th quarter valued at about $51,000. Finally, Virtu Financial LLC purchased a new position in shares of Desktop Metal in the 4th quarter worth approximately $90,000. 56.31% of the stock is currently owned by institutional investors.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.