Weiss Ratings Reiterates “Sell (D-)” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Cantor Fitzgerald lowered their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Stock Performance

DDD opened at $1.62 on Friday. The stock has a market cap of $220.31 million, a PE ratio of -0.41 and a beta of 1.94. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems has a 1 year low of $1.58 and a 1 year high of $5.00. The stock’s 50 day simple moving average is $2.01 and its 200-day simple moving average is $2.94.

Hedge Funds Weigh In On 3D Systems

Large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after acquiring an additional 8,050 shares during the period. Cibc World Markets Corp acquired a new position in shares of 3D Systems during the fourth quarter valued at $39,000. CWM LLC lifted its stake in shares of 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after acquiring an additional 10,814 shares during the period. NewEdge Advisors LLC lifted its stake in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of 3D Systems during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

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.