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

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

Several other equities research analysts have also issued reports on the company. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Cantor Fitzgerald lowered their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Down 0.8%

Shares of 3D Systems stock opened at $1.83 on Wednesday. The firm has a market cap of $248.95 million, a price-to-earnings ratio of -0.46 and a beta of 1.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a 52-week low of $1.48 and a 52-week high of $5.00. The stock has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $2.82.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently modified their holdings of the company. ARK Investment Management LLC raised its position 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 period. Nuveen LLC bought a new position in 3D Systems during the first quarter worth $3,528,000. Icon Advisers Inc. Co. bought a new position in 3D Systems during the fourth quarter worth $5,248,000. Penn Capital Management Company LLC bought a new position in 3D Systems during the fourth quarter worth $5,214,000. Finally, Silverberg Bernstein Capital Management LLC increased its position in 3D Systems by 15.9% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company’s stock worth $3,253,000 after acquiring an additional 210,812 shares during the period. Institutional investors 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.