3D Systems (NYSE:DDD) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of 3D Systems Corporation (NYSE:DDD) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.15 and traded as high as $2.20. 3D Systems shares last traded at $2.0850, with a volume of 1,531,604 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Cantor Fitzgerald lifted their target price on 3D Systems from $4.00 to $4.75 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research lowered shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.75.

3D Systems Stock Down 5.0%

The company has a market capitalization of $254.26 million, a PE ratio of -1.51 and a beta of 2.18. The stock’s fifty day moving average is $2.76 and its two-hundred day moving average is $2.15. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 4th. The 3D printing company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The business had revenue of $91.25 million during the quarter, compared to the consensus estimate of $93.04 million. 3D Systems had a negative net margin of 35.05% and a negative return on equity of 43.90%. 3D Systems has set its Q4 2025 guidance at EPS. As a group, analysts predict that 3D Systems Corporation will post -0.73 EPS for the current year.

Institutional Trading of 3D Systems

Large investors have recently bought and sold shares of the company. CWM LLC lifted its position in shares of 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after buying an additional 10,814 shares during the last quarter. NewEdge Advisors LLC raised its stake in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in 3D Systems in the 1st quarter valued at about $29,000. State of Wyoming purchased a new stake in 3D Systems during the first quarter valued at about $34,000. Finally, Founders Financial Securities LLC bought a new position in 3D Systems during the third quarter worth about $50,000. 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.