3D Systems (NYSE:DDD) Downgraded by StockNews.com to “Sell”

3D Systems (NYSE:DDD) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other analysts also recently commented on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Down 3.5 %

Shares of DDD stock traded down $0.10 on Tuesday, hitting $2.65. The stock had a trading volume of 1,980,573 shares, compared to its average volume of 2,469,545. The business has a 50 day moving average of $3.59 and a 200 day moving average of $3.21. The stock has a market cap of $358.71 million, a price-to-earnings ratio of -0.66 and a beta of 1.63. 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 12-month low of $1.72 and a 12-month high of $5.00.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd bought a new position in 3D Systems during the third quarter worth about $25,000. Murchinson Ltd. bought a new position in 3D Systems during the third quarter worth about $28,000. HighTower Advisors LLC bought a new position in 3D Systems during the third quarter worth about $31,000. Blue Trust Inc. boosted its position in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares during the period. Finally, Cibc World Markets Corp bought a new position in 3D Systems during the fourth quarter worth about $39,000. 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.