3D Systems (NYSE:DDD) Given Sell (E+) Rating at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 3D Systems (NYSE:DDD) in a research report report published on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on DDD. Cantor Fitzgerald decreased their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Up 1.7%

DDD stock opened at $1.53 on Friday. 3D Systems has a twelve month low of $1.32 and a twelve month high of $5.00. The company has a market cap of $208.03 million, a PE ratio of -0.73 and a beta of 1.89. The business’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $2.70. The company has a quick ratio of 1.96, a current ratio of 2.79 and a debt-to-equity ratio of 1.46.

Institutional Investors Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp acquired a new stake in 3D Systems during the fourth quarter valued at approximately $39,000. CWM LLC boosted its holdings in 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after purchasing an additional 10,814 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in 3D Systems by 5,139.4% during 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. Boothbay Fund Management LLC acquired a new stake in 3D Systems during the fourth quarter valued at approximately $44,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in 3D Systems during the first quarter valued at approximately $29,000. 64.49% of the stock is owned by institutional investors and hedge funds.

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.