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

3D Systems Corporation (NYSE:DDD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.32 and traded as high as $3.17. 3D Systems shares last traded at $3.03, with a volume of 3,318,496 shares.

Wall Street Analysts Forecast Growth

DDD has been the topic of several research analyst reports. Weiss Ratings raised shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a research note on Wednesday, May 13th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Two 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.00.

3D Systems Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73. The company’s 50 day moving average price is $2.73 and its 200 day moving average price is $2.34. The firm has a market capitalization of $505.51 million, a P/E ratio of 13.76 and a beta of 2.71.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The business had revenue of $95.50 million for the quarter, compared to analysts’ expectations of $92.39 million. As a group, sell-side analysts anticipate that 3D Systems Corporation will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. Capital World Investors bought a new position in 3D Systems in the third quarter valued at approximately $15,104,000. Nuveen LLC boosted its stake in 3D Systems by 406.4% in the fourth quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after acquiring an additional 2,170,415 shares during the last quarter. State Street Corp boosted its stake in 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares during the last quarter. Marshall Wace LLP boosted its stake in 3D Systems by 596.7% in the fourth quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company’s stock valued at $3,186,000 after acquiring an additional 1,541,475 shares during the last quarter. Finally, Penn Capital Management Company LLC boosted its stake in 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after acquiring an additional 1,174,038 shares during the last quarter. 64.49% of the stock is owned by institutional investors.

About 3D Systems

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.