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.

Other equities research analysts have also issued research reports about the stock. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Down 21.1 %

Shares of NYSE:DDD opened at $2.15 on Thursday. 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 $290.90 million, a P/E ratio of -0.54 and a beta of 1.63. The business has a fifty day moving average of $3.51 and a two-hundred day moving average of $3.22. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP boosted its position in shares of 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after purchasing an additional 1,216,900 shares during the period. Two Sigma Investments LP boosted its position in shares of 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after buying an additional 944,010 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of 3D Systems in the fourth quarter valued at $159,000. ProShare Advisors LLC raised its holdings in shares of 3D Systems by 41.8% in the 4th quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after buying an additional 15,787 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 3D Systems by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 524,888 shares of the 3D printing company’s stock valued at $1,722,000 after acquiring an additional 36,965 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.