3D Systems (NYSE:DDD) Stock Rating Lowered by StockNews.com

3D Systems (NYSE:DDD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald reduced their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and an average target price of $3.67.

3D Systems Stock Performance

NYSE DDD opened at $1.89 on Friday. The stock has a fifty day simple moving average of $3.37 and a 200-day simple moving average of $3.22. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a market cap of $255.49 million, a PE ratio of -0.47 and a beta of 1.63. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.00.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Weiss Asset Management LP purchased a new position in shares of 3D Systems in the 3rd quarter valued at about $1,143,000. XTX Topco Ltd boosted its holdings in shares of 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after buying an additional 341,308 shares in the last quarter. Barclays PLC grew its position in shares of 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after buying an additional 149,793 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 3D Systems by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after acquiring an additional 38,431 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.