3D Systems (NYSE:DDD) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Several other analysts have also commented on DDD. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 21.1 %

3D Systems stock opened at $2.15 on Thursday. The firm has a market cap of $290.90 million, a PE ratio of -0.54 and a beta of 1.63. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.00. The stock’s 50 day simple moving average is $3.51 and its two-hundred day simple moving average is $3.22. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. Icon Advisers Inc. Co. acquired a new stake in shares of 3D Systems in the fourth quarter worth approximately $5,248,000. Penn Capital Management Company LLC purchased a new position in 3D Systems in the 4th quarter valued at $5,214,000. Two Sigma Advisers LP boosted its stake in 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after purchasing an additional 1,216,900 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after buying an additional 944,010 shares in the last quarter. Finally, ARK Investment Management LLC raised its position 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 valued at $14,478,000 after buying an additional 535,287 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.