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

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

Other research analysts have also issued research reports about the company. Cantor Fitzgerald dropped their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a research note on Friday, April 4th. Finally, Needham & Company LLC reiterated 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 assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Stock Performance

DDD opened at $1.94 on Thursday. 3D Systems has a fifty-two week low of $1.71 and a fifty-two week high of $5.00. The firm has a market capitalization of $262.94 million, a PE ratio of -0.49 and a beta of 1.81. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The company’s 50-day moving average is $2.57 and its 200 day moving average is $3.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 3D Systems by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 814,994 shares of the 3D printing company’s stock worth $1,728,000 after buying an additional 15,911 shares during the last quarter. Diversified Trust Co purchased a new position in 3D Systems in the first quarter valued at about $97,000. Silverberg Bernstein Capital Management LLC grew its position in shares of 3D Systems by 15.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company’s stock valued at $3,253,000 after acquiring an additional 210,812 shares during the period. Two Sigma Advisers LP increased its stake in shares of 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after purchasing an additional 1,216,900 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares during the period. Institutional investors 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.