3D Systems’ (DDD) Sell (D-) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report released on Saturday morning,Weiss Ratings reports.

Several other research firms also recently weighed in on DDD. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, 3D Systems presently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

3D Systems stock opened at $2.58 on Friday. The firm’s 50 day simple moving average is $3.55 and its 200-day simple moving average is $3.22. The company has a market cap of $349.22 million, a P/E ratio of -0.65 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 fifty-two week low of $1.72 and a fifty-two week high of $5.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP grew its position in 3D Systems by 553.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after purchasing an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP lifted its stake in 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after acquiring an additional 944,010 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in 3D Systems in the fourth quarter valued at approximately $159,000. ProShare Advisors LLC lifted its stake in 3D Systems by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after acquiring an additional 15,787 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 3D Systems by 7.6% in the fourth 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 last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.