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

3D Systems (NYSE:DDD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.64 on Tuesday. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00. The business has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $3.21. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The firm has a market cap of $357.36 million, a PE ratio of -0.66 and a beta of 1.63.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DDD. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock worth $10,506,000 after purchasing an additional 68,530 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of 3D Systems in the 4th quarter worth approximately $5,248,000. Finally, Penn Capital Management Company LLC bought a new stake in shares of 3D Systems in the 4th quarter worth approximately $5,214,000. Institutional investors and hedge funds 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.