Weiss Ratings Reiterates “Sell (D-)” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reissued by analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on DDD. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Price Performance

NYSE:DDD opened at $2.07 on Tuesday. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.00. The firm has a market capitalization of $280.56 million, a price-to-earnings ratio of -0.52 and a beta of 1.81. The stock’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $3.20. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Institutional Investors Weigh In On 3D Systems

A number of large investors have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems during the 3rd quarter worth $25,000. HighTower Advisors LLC bought a new stake in 3D Systems during the third quarter worth about $31,000. Blue Trust Inc. grew its stake 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 in the last quarter. Cibc World Markets Corp acquired a new position in shares of 3D Systems in the 4th quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of 3D Systems in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds 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.