StockNews.com Upgrades 3D Systems (NYSE:DDD) to “Hold”

3D Systems (NYSE:DDD) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other research analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 21.1 %

Shares of NYSE:DDD traded down $0.58 during trading on Thursday, hitting $2.15. The company had a trading volume of 9,885,076 shares, compared to its average volume of 2,550,667. The stock has a market cap of $290.90 million, a price-to-earnings ratio of -0.54 and a beta of 1.63. 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 company has a fifty day simple moving average of $3.51 and a two-hundred day simple moving average of $3.22. 3D Systems has a one year low of $1.72 and a one year high of $5.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in 3D Systems during the 3rd quarter valued at about $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems during the third quarter valued at approximately $28,000. HighTower Advisors LLC purchased a new stake in shares of 3D Systems in the third quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in 3D Systems during the 4th quarter worth $39,000. 64.49% of the stock is currently owned by institutional investors.

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.