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 report released on Wednesday morning,Weiss Ratings reports.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

DDD stock opened at $1.68 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a 52 week low of $1.48 and a 52 week high of $5.00. The firm’s fifty day moving average is $1.84 and its 200 day moving average is $2.80. The firm has a market cap of $228.49 million, a P/E ratio of -0.42 and a beta of 1.89.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC raised its holdings in 3D Systems by 703.1% in the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after buying an additional 10,814 shares during the last quarter. NewEdge Advisors LLC raised its holdings in 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after buying an additional 12,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in 3D Systems in the first quarter worth about $29,000. State of Wyoming purchased a new position in 3D Systems in the first quarter worth about $34,000. Finally, Cibc World Markets Corp purchased a new position in 3D Systems in the fourth quarter worth about $39,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.