Desktop Metal (NYSE:DM) Rating Increased to Hold at StockNews.com

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

Desktop Metal Price Performance

NYSE DM opened at $4.99 on Friday. The company has a market cap of $166.20 million, a PE ratio of -0.45 and a beta of 0.70. The firm’s 50 day moving average price is $2.53 and its 200-day moving average price is $3.52. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 2.34. Desktop Metal has a 52-week low of $1.84 and a 52-week high of $11.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DM. ABC Arbitrage SA purchased a new stake in shares of Desktop Metal during the 4th quarter worth $27,000. Squarepoint Ops LLC bought a new position in Desktop Metal in the fourth quarter worth about $41,000. Fifth Lane Capital LP purchased a new stake in shares of Desktop Metal during the fourth quarter valued at about $42,000. Cresset Asset Management LLC purchased a new stake in shares of Desktop Metal during the fourth quarter valued at about $51,000. Finally, Virtu Financial LLC bought a new stake in shares of Desktop Metal in the 4th quarter valued at about $90,000. 56.31% of the stock is currently owned by hedge funds and other institutional investors.

About Desktop Metal

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.