Desktop Metal (NYSE:DM) Raised to “Hold” at StockNews.com

Desktop Metal (NYSE:DM) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Desktop Metal Price Performance

Shares of NYSE:DM opened at $4.99 on Friday. The company has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $3.51. Desktop Metal has a twelve month low of $1.84 and a twelve month high of $11.80. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $166.20 million, a PE ratio of -0.45 and a beta of 0.70.

Institutional Investors Weigh In On Desktop Metal

Several institutional investors have recently made changes to their positions in the stock. Cigogne Management SA bought a new stake in shares of Desktop Metal during the 4th quarter valued at $702,000. LMR Partners LLP purchased a new position in Desktop Metal during the 4th quarter valued at about $585,000. Murchinson Ltd. purchased a new position in Desktop Metal during the 3rd quarter valued at about $972,000. Credit Industriel ET Commercial purchased a new stake in shares of Desktop Metal in the fourth quarter worth about $485,000. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of Desktop Metal by 247.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 284,068 shares of the pipeline company’s stock valued at $665,000 after acquiring an additional 202,368 shares during the period. Hedge funds and other institutional investors own 56.31% of the company’s stock.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.