3D Systems’ (DDD) Sell (D-) Rating Reiterated at Weiss Ratings

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reissued by equities research analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. Cantor Fitzgerald lowered their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Trading Up 4.9 %

Shares of NYSE:DDD opened at $2.36 on Friday. The firm has a fifty day moving average of $2.23 and a two-hundred day moving average of $3.05. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 12-month low of $1.71 and a 12-month high of $5.00. The firm has a market capitalization of $319.89 million, a P/E ratio of -0.59 and a beta of 1.94.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of 3D Systems by 15.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock worth $55,000 after purchasing an additional 2,279 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of 3D Systems by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company’s stock worth $417,000 after buying an additional 2,887 shares during the last quarter. Rhumbline Advisers boosted its position in shares of 3D Systems by 2.2% in the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after acquiring an additional 4,451 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of 3D Systems by 67.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock worth $46,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its position in 3D Systems by 31.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after acquiring an additional 6,615 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

About 3D Systems

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.