3D Systems (NYSE:DDD) Shares Gap Up to $3.70

3D Systems Co. (NYSE:DDD) shares gapped up prior to trading on Monday . The stock had previously closed at $3.70, but opened at $3.92. 3D Systems shares last traded at $3.78, with a volume of 433,103 shares changing hands.

Analyst Upgrades and Downgrades

DDD has been the topic of a number of research analyst reports. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd. Cantor Fitzgerald initiated coverage on 3D Systems in a report on Tuesday, February 13th. They issued an “overweight” rating and a $8.50 target price on the stock.

3D Systems Stock Down 1.3 %

The stock has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $4.86. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%. The firm had revenue of $114.85 million during the quarter, compared to the consensus estimate of $124.33 million. On average, equities research analysts forecast that 3D Systems Co. will post -0.25 EPS for the current year.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently modified their holdings of DDD. Rockefeller Capital Management L.P. lifted its position in shares of 3D Systems by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Farther Finance Advisors LLC lifted its position in shares of 3D Systems by 1,585.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,916 shares of the 3D printing company’s stock worth $29,000 after buying an additional 2,743 shares during the period. Russell Investments Group Ltd. lifted its position in shares of 3D Systems by 5,994.9% during the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after buying an additional 4,676 shares during the period. Lazard Asset Management LLC bought a new position in shares of 3D Systems during the 1st quarter worth approximately $30,000. Finally, Quadrant Capital Group LLC lifted its position in shares of 3D Systems by 471.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after buying an additional 3,991 shares during the period. 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.