3D Systems (NYSE:DDD) Upgraded at StockNews.com

3D Systems (NYSE:DDD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

DDD has been the subject of several other research reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, 3D Systems presently has an average rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Performance

Shares of DDD opened at $2.12 on Thursday. The firm’s 50 day moving average price is $3.49 and its two-hundred day moving average price is $3.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.00. The firm has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of DDD. Icon Advisers Inc. Co. bought a new stake in 3D Systems in the fourth quarter valued at approximately $5,248,000. Penn Capital Management Company LLC bought a new stake in 3D Systems in the 4th quarter valued at $5,214,000. Two Sigma Advisers LP raised its stake in 3D Systems by 553.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after acquiring an additional 1,216,900 shares during the period. Two Sigma Investments LP boosted its position in 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of 3D Systems by 13.8% in the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares during the last quarter. 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.