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

3D Systems (NYSE:DDD)‘s stock had its “sell (e+)” rating reiterated by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, May 14th. Finally, Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.67.

3D Systems Price Performance

Shares of NYSE DDD opened at $1.53 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79. The company has a market cap of $208.03 million, a PE ratio of -0.73 and a beta of 1.89. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $2.70. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $5.00.

Institutional Trading of 3D Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its position 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 valued at $26,000 after buying an additional 10,814 shares in the last quarter. NewEdge Advisors LLC increased its position 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 valued at $28,000 after buying an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems during the first quarter worth approximately $29,000. State of Wyoming purchased a new stake in shares of 3D Systems during the first quarter worth approximately $34,000. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the fourth quarter worth approximately $39,000. 64.49% of the stock is currently 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.