3D Systems (NYSE:DDD) Earns Sell (D-) Rating from Weiss Ratings

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

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Stock Performance

3D Systems stock opened at $2.08 on Thursday. The firm has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $2.32. The company has a quick ratio of 1.96, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The company has a market capitalization of $267.02 million, a PE ratio of -1.59 and a beta of 1.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of 3D Systems by 721.0% during the 2nd quarter. Sei Investments Co. now owns 94,619 shares of the 3D printing company’s stock valued at $146,000 after purchasing an additional 83,094 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in 3D Systems during the 2nd quarter valued at approximately $139,000. Marshall Wace LLP grew its holdings in shares of 3D Systems by 10.2% during the 2nd quarter. Marshall Wace LLP now owns 379,393 shares of the 3D printing company’s stock worth $584,000 after acquiring an additional 35,016 shares during the period. Invesco Ltd. raised its position in shares of 3D Systems by 7.2% in the 2nd quarter. Invesco Ltd. now owns 356,947 shares of the 3D printing company’s stock worth $550,000 after acquiring an additional 23,982 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of 3D Systems in the 2nd quarter valued at approximately $302,000. 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.