Analysts at Cantor Fitzgerald assumed coverage on shares of 3D Systems (NYSE:DDD – Get Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $8.50 price target on the 3D printing company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 66.99% from the company’s previous close.
3D Systems Stock Up 2.8 %
DDD opened at $5.09 on Tuesday. 3D Systems has a fifty-two week low of $3.50 and a fifty-two week high of $11.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.25 and a current ratio of 5.36. The company has a fifty day moving average of $5.56 and a two-hundred day moving average of $5.40. The stock has a market capitalization of $679.16 million, a price-to-earnings ratio of -6.88 and a beta of 1.80.
Insider Buying and Selling at 3D Systems
In other news, Director Thomas W. Erickson acquired 50,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price of $5.30 per share, with a total value of $265,000.00. Following the completion of the acquisition, the director now owns 257,294 shares of the company’s stock, valued at $1,363,658.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.18% of the stock is owned by corporate insiders.
Institutional Trading of 3D Systems
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.
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