Shapeways (NYSE:SHPW) Trading Down 2.5%

Shapeways Holdings, Inc. (NYSE:SHPW)’s stock price dropped 2.5% on Tuesday . The company traded as low as $1.52 and last traded at $1.53. Approximately 2,707 shares were traded during trading, a decline of 72% from the average daily volume of 9,519 shares. The stock had previously closed at $1.57.

Analysts Set New Price Targets

Separately, Needham & Company LLC reduced their price target on Shapeways from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, April 8th.

Shapeways Trading Down 2.5 %

The business has a 50 day moving average of $1.78 and a two-hundred day moving average of $2.03. The company has a current ratio of 2.34, a quick ratio of 2.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $10.13 million, a P/E ratio of -0.24 and a beta of 0.94.

Shapeways (NYSE:SHPW) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($1.07) earnings per share for the quarter. Shapeways had a negative net margin of 127.43% and a negative return on equity of 69.04%. The business had revenue of $9.45 million during the quarter.

Shapeways Company Profile

Shapeways Holdings, Inc facilitates the design, manufacture, and sale of 3D printed products in the United States and internationally. The company offers an end-to-end digital manufacturing platform on which the users can transform digital designs into physical products under the Otto brand; additive manufacturing services, such as 3D printing, rapid prototyping, and design services; and traditional manufacturing services, including injection molding, sheet metal, urethane and vacuum casting, CNC machining, and machine tooling.