ExOne (XONE) Sees Large Volume Increase on Strong Earnings

ExOne Co (NASDAQ:XONE) shares saw strong trading volume on Thursday following a stronger than expected earnings report. 877,829 shares traded hands during trading, an increase of 440% from the previous session’s volume of 162,653 shares.The stock last traded at $9.09 and had previously closed at $7.46.

The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. ExOne had a negative return on equity of 30.11% and a negative net margin of 36.12%. The firm had revenue of $16.59 million for the quarter, compared to the consensus estimate of $22.20 million.

A number of brokerages have recently commented on XONE. ValuEngine downgraded ExOne from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded ExOne from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Thursday, August 16th. Finally, B. Riley restated a “buy” rating on shares of ExOne in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.25.

In related news, Director Roger William Thiltgen bought 10,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average price of $6.97 per share, for a total transaction of $69,700.00. Following the completion of the purchase, the director now directly owns 12,500 shares of the company’s stock, valued at $87,125. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in ExOne during the third quarter worth approximately $114,000. Royal Bank of Canada boosted its position in ExOne by 78.6% during the first quarter. Royal Bank of Canada now owns 38,930 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 17,131 shares in the last quarter. Granite Investment Partners LLC boosted its position in ExOne by 55.2% during the third quarter. Granite Investment Partners LLC now owns 64,669 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 23,000 shares in the last quarter. UBS Group AG boosted its position in ExOne by 74.8% during the first quarter. UBS Group AG now owns 64,482 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 27,589 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in ExOne during the second quarter worth approximately $273,000. Hedge funds and other institutional investors own 25.73% of the company’s stock.

The stock has a market capitalization of $120.87 million, a PE ratio of -7.55 and a beta of 3.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 0.83.

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ExOne Company Profile (NASDAQ:XONE)

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services primarily in North America, Europe, and Asia. The company provides various machines that enable designers and engineers to design and produce industrial prototypes and production parts.

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