ExOne (XONE) Stock Rating Lowered by Zacks Investment Research

ExOne (NASDAQ:XONE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “

A number of other equities analysts also recently commented on XONE. B. Riley reaffirmed a “buy” rating on shares of ExOne in a report on Wednesday, November 1st. Canaccord Genuity raised shares of ExOne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.50 to $13.00 in a report on Monday, November 13th. Finally, Canaccord Genuity Group raised shares of ExOne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.50 to $13.00 in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. ExOne has a consensus rating of “Hold” and an average price target of $13.67.

ExOne (NASDAQ XONE) traded down $0.21 during trading on Friday, reaching $8.21. 103,041 shares of the company’s stock were exchanged, compared to its average volume of 94,896. The firm has a market capitalization of $136.06, a P/E ratio of -6.41 and a beta of 3.43. The company has a current ratio of 2.60, a quick ratio of 1.62 and a debt-to-equity ratio of 0.02. ExOne has a 1 year low of $6.72 and a 1 year high of $14.43.

ExOne (NASDAQ:XONE) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13). The business had revenue of $15.89 million during the quarter, compared to analyst estimates of $16.05 million. ExOne had a negative return on equity of 25.42% and a negative net margin of 39.52%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. research analysts predict that ExOne will post -1.12 EPS for the current year.

In other ExOne news, Director John Irvin sold 3,606 shares of ExOne stock in a transaction on Monday, November 20th. The shares were sold at an average price of $11.54, for a total value of $41,613.24. Following the completion of the transaction, the director now owns 154,300 shares of the company’s stock, valued at $1,780,622. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 54,159 shares of company stock valued at $581,140. 31.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in ExOne by 136.6% in the third quarter. SG Americas Securities LLC now owns 46,288 shares of the industrial products company’s stock valued at $526,000 after buying an additional 26,724 shares during the last quarter. Cowen Inc. bought a new stake in ExOne in the third quarter valued at $511,000. Vident Investment Advisory LLC lifted its stake in ExOne by 48.9% in the third quarter. Vident Investment Advisory LLC now owns 931,671 shares of the industrial products company’s stock valued at $10,584,000 after buying an additional 305,955 shares during the last quarter. Ark Investment Management LLC lifted its stake in ExOne by 35.5% in the second quarter. Ark Investment Management LLC now owns 696,980 shares of the industrial products company’s stock valued at $7,980,000 after buying an additional 182,770 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in ExOne by 1,257.8% in the third quarter. BNP Paribas Arbitrage SA now owns 16,103 shares of the industrial products company’s stock valued at $183,000 after buying an additional 14,917 shares during the last quarter. Institutional investors own 28.73% of the company’s stock.

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About ExOne

The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.

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