3D Systems (NYSE:DDD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

3D Systems Corporation (NYSE:DDD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.38 and traded as high as $3.13. 3D Systems shares last traded at $2.99, with a volume of 2,988,491 shares.

Wall Street Analyst Weigh In

Several research firms have commented on DDD. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 3D Systems has an average rating of “Hold” and an average price target of $5.00.

3D Systems Stock Up 1.4%

The firm’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $2.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.73 and a current ratio of 2.76. The firm has a market cap of $439.37 million, a PE ratio of 11.96 and a beta of 2.71.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.08. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The firm had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. As a group, equities research analysts expect that 3D Systems Corporation will post -0.31 EPS for the current fiscal year.

Institutional Trading of 3D Systems

Several institutional investors and hedge funds have recently made changes to their positions in DDD. J. Derek Lewis & Associates Inc. purchased a new position in 3D Systems during the 4th quarter worth approximately $27,000. Prudential Financial Inc. lifted its holdings in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 7,887 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of 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 valued at $28,000 after acquiring an additional 12,900 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in 3D Systems in the 4th quarter valued at approximately $36,000. Finally, CIBC Bancorp USA Inc. acquired a new position in 3D Systems during the third quarter worth $41,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.