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

Weiss Ratings reaffirmed their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research note published on Wednesday morning,Weiss Ratings reports.

Other research analysts have also recently issued reports about 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 decreased 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Trading Down 3.7%

Shares of DDD stock opened at $1.68 on Wednesday. The firm has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $2.80. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $228.49 million, a PE ratio of -0.42 and a beta of 1.89. 3D Systems has a 12-month low of $1.48 and a 12-month high of $5.00.

Institutional Investors Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of 3D Systems during the 1st quarter valued at approximately $3,528,000. Icon Advisers Inc. Co. bought a new position in shares of 3D Systems during the 4th quarter valued at approximately $5,248,000. Penn Capital Management Company LLC bought a new position in shares of 3D Systems during the 4th quarter valued at approximately $5,214,000. Two Sigma Advisers LP grew its position 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 valued at $4,712,000 after acquiring an additional 1,216,900 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of 3D Systems by 172.2% during the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after acquiring an additional 944,010 shares during the period. 64.49% of the stock is owned by 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.