3D Systems (NYSE:DDD) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of 3D Systems (NYSE:DDD) in a research note released on Friday,Benzinga reports.

A number of other equities research analysts have also weighed in on the stock. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Trading Down 1.6 %

NYSE DDD opened at $2.12 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00. The stock has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. The stock has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $3.24.

Institutional Trading of 3D Systems

Several institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in 3D Systems in the 3rd quarter worth approximately $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems in the 3rd quarter worth $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems in the third quarter worth $31,000. Blue Trust Inc. lifted its holdings in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the fourth quarter valued at $39,000. 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.