RPG Investment Advisory LLC increased its position in shares of Desktop Metal, Inc. (NYSE:DM – Free Report) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 526,050 shares of the pipeline company’s stock after acquiring an additional 17,425 shares during the period. RPG Investment Advisory LLC owned about 0.16% of Desktop Metal worth $931,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Desktop Metal in the first quarter worth $47,000. Simplicity Solutions LLC bought a new stake in Desktop Metal in the first quarter valued at approximately $28,000. Arete Wealth Advisors LLC bought a new stake in Desktop Metal in the first quarter valued at approximately $29,044,000,000. PFG Investments LLC bought a new position in Desktop Metal during the 1st quarter worth approximately $34,000. Finally, Sawtooth Solutions LLC bought a new position in Desktop Metal during the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 53.68% of the company’s stock.
Desktop Metal Stock Down 3.7 %
NYSE DM traded down $0.03 during trading hours on Monday, hitting $0.78. The company’s stock had a trading volume of 500,134 shares, compared to its average volume of 3,341,110. The company has a market capitalization of $253.62 million, a PE ratio of -0.56 and a beta of 0.74. The company has a current ratio of 3.09, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. Desktop Metal, Inc. has a 52 week low of $0.73 and a 52 week high of $2.55. The company’s 50-day simple moving average is $1.17 and its two-hundred day simple moving average is $1.58.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Desktop Metal in a research report on Monday, November 13th. They issued a “sell” rating for the company.
Desktop Metal 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 Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; Studio System, an office metal 3D printing system; and Desktop Metal Furnace, which is paired with the Studio System and binder jetting solutions to create turnkey metal additive manufacturing solutions.
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