3D Systems (NYSE:DDD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of 3D Systems Corporation (NYSE:DDD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as high as $3.08. 3D Systems shares last traded at $2.86, with a volume of 9,067,141 shares.

Wall Street Analysts Forecast Growth

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

3D Systems Price Performance

The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $2.55 and a 200 day simple moving average of $2.28. The stock has a market capitalization of $420.28 million, a P/E ratio of 11.44 and a beta of 2.71.

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

Institutional Trading of 3D Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors bought a new position in shares of 3D Systems in the third quarter valued at approximately $15,104,000. Nuveen LLC grew its holdings in shares of 3D Systems by 406.4% in the fourth quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after acquiring an additional 2,170,415 shares in the last quarter. State Street Corp grew its holdings in shares of 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of 3D Systems by 596.7% in the fourth quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company’s stock valued at $3,186,000 after acquiring an additional 1,541,475 shares in the last quarter. Finally, Penn Capital Management Company LLC grew its holdings in shares of 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after acquiring an additional 1,174,038 shares in the last quarter. 64.49% of the stock is owned by 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.