3D Systems (NYSE:DDD) Given “Sell (D-)” Rating at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report published on Saturday morning,Weiss Ratings reports.

A number of other brokerages have also recently commented on DDD. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

Shares of DDD opened at $2.79 on Friday. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The company has a market cap of $377.70 million, a PE ratio of -0.70 and a beta of 1.63. The stock has a 50-day moving average of $3.54 and a 200-day moving average of $3.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of 3D Systems in the 3rd quarter worth $25,000. Murchinson Ltd. purchased a new position in 3D Systems during the third quarter worth about $28,000. Blue Trust Inc. grew its position in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares in the last quarter. HighTower Advisors LLC purchased a new stake in 3D Systems in the 3rd quarter valued at about $31,000. Finally, Cibc World Markets Corp bought a new position in shares of 3D Systems during the 4th quarter worth approximately $39,000. 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.