3D Systems (NYSE:DDD) Stock Rating Upgraded by StockNews.com

3D Systems (NYSE:DDD) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald dropped their price target 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. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th.

3D Systems Price Performance

Shares of DDD stock opened at $1.90 on Monday. The firm has a market cap of $253.78 million, a P/E ratio of -0.67 and a beta of 1.66. 3D Systems has a fifty-two week low of $1.85 and a fifty-two week high of $6.85. The business’s 50 day moving average price is $3.07 and its 200-day moving average price is $3.67. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share for the quarter. The business had revenue of $102.91 million during the quarter. 3D Systems had a negative return on equity of 15.29% and a negative net margin of 78.14%. On average, equities research analysts anticipate that 3D Systems will post -0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its position in 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after acquiring an additional 403,175 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in 3D Systems during the second quarter valued at $824,000. ARK Investment Management LLC increased its position 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 valued at $9,454,000 after acquiring an additional 185,347 shares during the last quarter. Vanguard Group Inc. increased its position in 3D Systems by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 14,118,982 shares of the 3D printing company’s stock valued at $89,656,000 after acquiring an additional 168,162 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in 3D Systems by 14.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock valued at $2,828,000 after purchasing an additional 118,096 shares during the period. Hedge funds and other institutional investors 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.