3D Systems (NYSE:DDD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of 3D Systems Corporation (NYSE:DDD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.32 and traded as high as $2.35. 3D Systems shares last traded at $2.2450, with a volume of 3,959,125 shares.

Wall Street Analysts Forecast Growth

DDD has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research report on Monday, December 29th. Wall Street Zen cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald raised their target price on 3D Systems from $4.00 to $4.75 and gave the company an “overweight” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, 3D Systems presently has a consensus rating of “Hold” and a consensus price target of $4.75.

3D Systems Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.73. The firm has a market capitalization of $289.02 million, a PE ratio of -22.45 and a beta of 2.38. The firm has a fifty day moving average price of $2.15 and a 200 day moving average price of $2.32.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 4th. The 3D printing company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. 3D Systems had a negative return on equity of 38.72% and a net margin of 4.01%.The firm had revenue of $91.25 million for the quarter, compared to the consensus estimate of $93.04 million. Research analysts anticipate that 3D Systems Corporation will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDD. NewEdge Advisors LLC lifted its holdings 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 purchasing an additional 12,900 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in 3D Systems during the third quarter valued at $41,000. Founders Financial Securities LLC purchased a new stake in 3D Systems in the 3rd quarter worth about $50,000. Prudential Financial Inc. lifted its stake in 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in 3D Systems during the 3rd quarter worth about $54,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.