3D Systems (NYSE:DDD) Shares Gap Down – What’s Next?

3D Systems Co. (NYSE:DDD)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.96, but opened at $3.84. 3D Systems shares last traded at $3.88, with a volume of 265,182 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DDD shares. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Thursday, December 12th. Loop Capital lowered their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald reduced their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, 3D Systems currently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

The stock has a 50-day moving average price of $3.16 and a 200 day moving average price of $3.08. The firm has a market cap of $515.36 million, a PE ratio of -0.99 and a beta of 1.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after purchasing an additional 403,175 shares during the last quarter. ARK Investment Management LLC increased its stake in 3D Systems by 6.4% during the second quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after acquiring an additional 185,347 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of 3D Systems in the 2nd quarter worth about $38,000. Wealth Effects LLC lifted its stake in shares of 3D Systems by 54.0% in the 2nd quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company’s stock valued at $700,000 after purchasing an additional 79,870 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of 3D Systems during the 2nd quarter worth about $37,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

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.