3D Systems (NYSE:DDD) Upgraded at StockNews.com

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

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

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.12 on Thursday. The company’s fifty day moving average is $3.49 and its 200 day moving average is $3.23. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.00. The stock has a market cap of $286.84 million, a PE ratio of -0.53 and a beta of 1.63.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new position in shares of 3D Systems during the 3rd quarter valued at approximately $25,000. Murchinson Ltd. purchased a new position in 3D Systems during the third quarter valued at $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems in the third quarter valued at about $31,000. Blue Trust Inc. raised its position in shares of 3D Systems by 411.6% during the 4th 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 last quarter. Finally, Cibc World Markets Corp purchased a new position in 3D Systems in the 4th quarter valued at about $39,000. 64.49% of the stock is 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.