Desktop Metal (NYSE:DM) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Desktop Metal (NYSE:DM) in a research note issued to investors on Saturday. The firm set a “hold” rating on the pipeline company’s stock.

Desktop Metal Stock Up 1.0 %

DM opened at $4.96 on Friday. Desktop Metal has a twelve month low of $1.84 and a twelve month high of $9.40. The company’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $3.55. The stock has a market cap of $165.37 million, a price-to-earnings ratio of -0.44 and a beta of 0.17. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56.

Institutional Trading of Desktop Metal

A number of large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Desktop Metal during the 4th quarter worth $90,000. Olympiad Research LP lifted its holdings in Desktop Metal by 99.6% during the fourth quarter. Olympiad Research LP now owns 203,252 shares of the pipeline company’s stock valued at $476,000 after purchasing an additional 101,419 shares during the last quarter. Gabelli Funds LLC boosted its position in Desktop Metal by 19.5% during the fourth quarter. Gabelli Funds LLC now owns 432,706 shares of the pipeline company’s stock worth $1,013,000 after purchasing an additional 70,758 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Desktop Metal by 2.3% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 387,865 shares of the pipeline company’s stock worth $908,000 after purchasing an additional 8,665 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Desktop Metal in the fourth quarter valued at approximately $27,000. 56.31% of the stock is owned by hedge funds and other institutional investors.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.