Weiss Ratings Reaffirms Sell (D-) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reaffirmed by Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Several other equities analysts also recently commented on DDD. Cantor Fitzgerald lowered their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Trading Down 0.3%

Shares of DDD stock opened at $1.62 on Friday. 3D Systems has a 12 month low of $1.58 and a 12 month high of $5.00. 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 business’s 50 day moving average is $2.01 and its two-hundred day moving average is $2.94. The company has a market cap of $220.31 million, a PE ratio of -0.41 and a beta of 1.94.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently modified their holdings of DDD. CWM LLC grew its stake in shares of 3D Systems by 703.1% in the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after acquiring an additional 10,814 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 12,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of 3D Systems in the first quarter worth $29,000. Blue Trust Inc. grew its stake in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares during the last quarter. Finally, State of Wyoming bought a new position in 3D Systems in the first quarter worth $34,000. 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.