StockNews.com Upgrades 3D Systems (NYSE:DDD) to Hold

StockNews.com upgraded shares of 3D Systems (NYSE:DDD) from a sell rating to a hold rating in a report issued on Thursday morning.

Several other equities analysts also recently issued reports on DDD. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.67.

3D Systems Trading Down 1.6 %

DDD opened at $2.12 on Thursday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The firm has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.00. The business has a fifty day simple moving average of $3.49 and a 200-day simple moving average of $3.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its stake in 3D Systems by 6.4% during the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in 3D Systems in the third quarter valued at approximately $170,000. DRW Securities LLC acquired a new position in 3D Systems in the third quarter valued at approximately $291,000. BNP Paribas Financial Markets grew its holdings in shares of 3D Systems by 14.4% during the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after purchasing an additional 5,884 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 3D Systems by 30.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,342 shares of the 3D printing company’s stock worth $140,000 after purchasing an additional 11,616 shares during the last quarter. 64.49% of the stock is currently owned by 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.