StockNews.com Downgrades 3D Systems (NYSE:DDD) to Sell

3D Systems (NYSE:DDD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other research analysts also recently weighed in on DDD. Cantor Fitzgerald lowered their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, 3D Systems has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Price Performance

Shares of NYSE:DDD opened at $1.89 on Friday. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The stock has a market capitalization of $255.49 million, a price-to-earnings ratio of -0.47 and a beta of 1.63. The company has a 50-day simple moving average of $3.37 and a 200-day simple moving average of $3.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Trading of 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in DDD. Point72 DIFC Ltd acquired a new stake in shares of 3D Systems during the 3rd quarter valued at approximately $25,000. HighTower Advisors LLC purchased a new stake in 3D Systems during the third quarter worth $31,000. Blue Trust Inc. grew its holdings in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of 3D Systems in the fourth quarter valued at $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of 3D Systems in the 4th quarter worth about $44,000. Institutional investors and hedge funds 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.