3D Systems (NYSE:DDD) Shares Cross Above 200 Day Moving Average – Here’s Why

3D Systems Co. (NYSE:DDD) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.05 and traded as high as $3.29. 3D Systems shares last traded at $3.28, with a volume of 1,955,139 shares.

Wall Street Analysts Forecast Growth

DDD has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

The company’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $3.05. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $444.83 million, a P/E ratio of -0.82 and a beta of 1.61.

Insider Buying and Selling at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now owns 331,955 shares in the company, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Institutional Trading of 3D Systems

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Barclays PLC raised its position in 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares during the period. Geode Capital Management LLC raised its stake in shares of 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after acquiring an additional 38,431 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of 3D Systems during the third quarter valued at about $252,000. XTX Topco Ltd raised its stake in shares of 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after acquiring an additional 341,308 shares during the last quarter. Finally, DF Dent & Co. Inc. bought a new position in shares of 3D Systems during the third quarter valued at about $142,000. Hedge funds and other institutional investors 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.