Desktop Metal (DM) to Release Quarterly Earnings on Thursday

Desktop Metal (NYSE:DM) is projected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $44.10 million for the quarter.

Desktop Metal Trading Down 1.3 %

NYSE:DM opened at $1.96 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. Desktop Metal has a 1-year low of $1.90 and a 1-year high of $11.80. The firm has a market capitalization of $65.18 million, a price-to-earnings ratio of -0.17 and a beta of 0.70. The stock has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $3.62.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Desktop Metal from a “hold” rating to a “sell” rating in a research report on Friday, February 7th.

About Desktop Metal

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.