StockNews.com Downgrades 3D Systems (NYSE:DDD) to Sell

StockNews.com downgraded shares of 3D Systems (NYSE:DDD) from a hold rating to a sell rating in a research report released on Friday.

Other equities analysts have also issued research reports about the company. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, 3D Systems has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $1.89 on Friday. The firm has a fifty day moving average of $3.37 and a two-hundred day moving average of $3.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market capitalization of $255.49 million, a price-to-earnings ratio of -0.47 and a beta of 1.63. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.00.

Institutional Investors Weigh In On 3D Systems

Several large investors have recently made changes to their positions in the stock. Two Sigma Advisers LP lifted its holdings in shares of 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after purchasing an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP lifted its stake in 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after acquiring an additional 944,010 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in 3D Systems during the 4th quarter worth approximately $159,000. ProShare Advisors LLC grew its stake in shares of 3D Systems by 41.8% during the 4th quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock worth $176,000 after acquiring an additional 15,787 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 3D Systems by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 524,888 shares of the 3D printing company’s stock worth $1,722,000 after purchasing an additional 36,965 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

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.