3D Systems (NYSE:DDD) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of 3D Systems (NYSE:DDD – Get Rating) in a report released on Thursday. The brokerage set a “sell” rating on the 3D printing company’s stock.

Separately, Credit Suisse Group restated an “underperform” rating and set a $7.00 target price on shares of 3D Systems in a report on Thursday, March 2nd.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $10.17 on Thursday. The business has a 50-day moving average of $10.26 and a 200 day moving average of $9.35. 3D Systems has a 12 month low of $7.02 and a 12 month high of $17.83. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -10.48 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.46 and a quick ratio of 4.56.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds have recently bought and sold shares of DDD. Credit Suisse AG raised its position in shares of 3D Systems by 16.2% during the 3rd quarter. Credit Suisse AG now owns 551,766 shares of the 3D printing company’s stock worth $4,403,000 after acquiring an additional 76,774 shares in the last quarter. Gabelli Funds LLC increased its position in 3D Systems by 50.0% during the third quarter. Gabelli Funds LLC now owns 15,000 shares of the 3D printing company’s stock worth $120,000 after buying an additional 5,000 shares during the period. Bank of Montreal Can increased its position in 3D Systems by 34.4% during the second quarter. Bank of Montreal Can now owns 151,333 shares of the 3D printing company’s stock worth $1,602,000 after buying an additional 38,713 shares during the period. Point72 Hong Kong Ltd acquired a new position in 3D Systems during the third quarter worth approximately $130,000. Finally, Exchange Traded Concepts LLC increased its position in 3D Systems by 6.1% during the third quarter. Exchange Traded Concepts LLC now owns 105,957 shares of the 3D printing company’s stock worth $846,000 after buying an additional 6,057 shares during the period. Institutional investors and hedge funds own 67.32% of the company’s stock.

3D Systems Company Profile

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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.