3D Systems (NYSE:DDD) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

3D Systems Corporation (NYSE:DDDGet Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.69 and traded as high as $3.45. 3D Systems shares last traded at $3.28, with a volume of 1,533,489 shares traded.

Wall Street Analysts Forecast Growth

DDD has been the subject of several analyst reports. Weiss Ratings lowered 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of 3D Systems in a research note on Wednesday, May 13th. Finally, Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.50.

Read Our Latest Stock Analysis on 3D Systems

3D Systems Price Performance

The firm has a market cap of $544.97 million, a price-to-earnings ratio of -8.00 and a beta of 2.73. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $3.08 and a 200 day moving average of $2.69.

3D Systems (NYSE:DDDGet Free Report) last posted its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%.The firm had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. Equities research analysts predict that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jeffrey A. Graves sold 115,500 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,241 shares in the company, valued at approximately $4,284,425.66. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Deutsche Bank AG grew its holdings in 3D Systems by 5.4% in the 4th quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company’s stock valued at $174,000 after buying an additional 5,093 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of 3D Systems by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 56,675 shares of the 3D printing company’s stock worth $100,000 after buying an additional 5,970 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of 3D Systems by 15.9% in the fourth quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company’s stock valued at $93,000 after acquiring an additional 7,204 shares during the period. Prudential Financial Inc. boosted its position in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 7,887 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in shares of 3D Systems by 1.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 772,424 shares of the 3D printing company’s stock valued at $1,367,000 after acquiring an additional 8,392 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

(Get Free Report)

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

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