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

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

Several other brokerages also recently commented on DDD. Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a report on Friday, March 28th. StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. One research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.67.

3D Systems Stock Down 8.1 %

DDD opened at $1.87 on Tuesday. The stock’s fifty day simple moving average is $3.25 and its 200 day simple moving average is $3.21. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The stock has a market cap of $252.78 million, a PE ratio of -0.47 and a beta of 1.81. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently modified their holdings of DDD. ARK Investment Management LLC raised its position in 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of 3D Systems by 2.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock worth $10,506,000 after acquiring an additional 68,530 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after acquiring an additional 38,431 shares during the period. Icon Advisers Inc. Co. bought a new stake in 3D Systems in the fourth quarter valued at approximately $5,248,000. Finally, Penn Capital Management Company LLC acquired a new stake in 3D Systems during the 4th quarter valued at approximately $5,214,000. Institutional investors and hedge funds 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.