3D Systems (NYSE:DDD) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

DDD has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th. Cantor Fitzgerald lowered their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, May 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and an average price target of $3.67.

3D Systems Stock Down 6.1%

Shares of DDD opened at $1.63 on Wednesday. 3D Systems has a 52-week low of $1.61 and a 52-week high of $5.00. The company has a market capitalization of $221.67 million, a PE ratio of -0.41 and a beta of 1.94. The stock has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $2.99. 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDD. CWM LLC boosted its stake in shares of 3D Systems by 703.1% in the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after buying an additional 10,814 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems in the first quarter valued at approximately $29,000. Blue Trust Inc. boosted its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after buying an additional 8,050 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of 3D Systems in the first quarter valued at approximately $34,000. 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.