3D Systems (NYSE:DDD) Receives “Sell (D-)” Rating from Weiss Ratings

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

A number of other research analysts have also weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

Shares of DDD opened at $2.08 on Thursday. The firm’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $2.32. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The stock has a market cap of $267.02 million, a PE ratio of -1.59 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.96 and a current ratio of 2.76.

Institutional Trading of 3D Systems

Institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in shares of 3D Systems by 721.0% in the second quarter. Sei Investments Co. now owns 94,619 shares of the 3D printing company’s stock worth $146,000 after purchasing an additional 83,094 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in 3D Systems in the 2nd quarter worth about $139,000. Marshall Wace LLP raised its position in 3D Systems by 10.2% in the 2nd quarter. Marshall Wace LLP now owns 379,393 shares of the 3D printing company’s stock worth $584,000 after buying an additional 35,016 shares during the last quarter. Invesco Ltd. lifted its stake in 3D Systems by 7.2% during the 2nd quarter. Invesco Ltd. now owns 356,947 shares of the 3D printing company’s stock valued at $550,000 after acquiring an additional 23,982 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of 3D Systems during the 2nd quarter valued at about $302,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.