3D Systems (NYSE:DDD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research note published on Thursday morning.

A number of other analysts have also recently weighed in on DDD. Cantor Fitzgerald decreased their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.36 on Thursday. The stock’s 50-day simple moving average is $2.23 and its 200-day simple moving average is $3.05. The firm has a market capitalization of $319.89 million, a PE ratio of -0.59 and a beta of 1.94. 3D Systems has a fifty-two week low of $1.71 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DDD. Blue Trust Inc. increased its position in 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of 3D Systems in the fourth quarter worth $39,000. CWM LLC raised its stake in shares of 3D Systems by 703.1% in the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after acquiring an additional 10,814 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of 3D Systems during the 4th quarter valued at $44,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in 3D Systems during the 1st quarter worth $29,000. Institutional investors and hedge funds 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.