3D Systems’ (DDD) “Sell (E+)” Rating Reiterated at Weiss Ratings

3D Systems (NYSE:DDD)‘s stock had its “sell (e+)” rating reiterated by investment analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

DDD has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Price Performance

Shares of DDD traded down $0.03 during midday trading on Friday, hitting $3.09. 1,897,304 shares of the company traded hands, compared to its average volume of 2,080,576. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.75. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The firm has a 50 day moving average of $3.27 and a 200-day moving average of $3.05. The stock has a market cap of $418.39 million, a price-to-earnings ratio of -0.78 and a beta of 1.61.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of 3D Systems

Hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of 3D Systems in the third quarter worth about $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems in the 3rd quarter valued at about $28,000. HighTower Advisors LLC acquired a new position in 3D Systems in the 3rd quarter worth about $31,000. Inspire Investing LLC purchased a new position in 3D Systems during the second quarter worth approximately $35,000. Finally, Ballentine Partners LLC acquired a new position in shares of 3D Systems during the 3rd quarter worth approximately $36,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.