3D Systems (NYSE:DDD) Cut to Sell at StockNews.com

StockNews.com downgraded shares of 3D Systems (NYSE:DDD) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

DDD has been the subject of several other reports. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $2.57 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm has a market cap of $347.87 million, a price-to-earnings ratio of -0.64 and a beta of 1.63. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The stock’s 50-day moving average is $3.56 and its 200-day moving average is $3.20.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. bought a new position in 3D Systems during the third quarter worth about $28,000. Blue Trust Inc. increased its position in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after buying an additional 8,050 shares during the last quarter. HighTower Advisors LLC bought a new stake in 3D Systems in the third quarter valued at approximately $31,000. Finally, Cibc World Markets Corp acquired a new stake in shares of 3D Systems in the fourth quarter valued at approximately $39,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

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.