3D Systems (NYSE:DDD) Receives Sell (D-) Rating from Weiss Ratings

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Trading Up 0.6 %

Shares of DDD stock opened at $2.58 on Friday. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.22. The company has a market cap of $349.22 million, a PE ratio of -0.65 and a beta of 1.63.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC raised its holdings in shares of 3D Systems by 13.8% in the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after buying an additional 535,287 shares during the period. Exchange Traded Concepts LLC increased its holdings in 3D Systems by 2.2% during 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 period. Geode Capital Management LLC increased its holdings in 3D Systems by 1.3% during 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 period. Icon Advisers Inc. Co. purchased a new position in 3D Systems during the 4th quarter worth $5,248,000. Finally, Penn Capital Management Company LLC purchased a new position in 3D Systems during the 4th quarter worth $5,214,000. 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.