3D Systems (NYSE:DDD) Shares Cross Above 200-Day Moving Average – What’s Next?

3D Systems Corporation (NYSE:DDD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.29 and traded as high as $2.66. 3D Systems shares last traded at $2.43, with a volume of 4,252,778 shares.

Analyst Ratings Changes

DDD has been the subject of a number of recent analyst reports. Cantor Fitzgerald boosted their price target on shares of 3D Systems from $4.00 to $4.75 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wall Street Zen cut 3D Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th. Finally, Zacks Research downgraded 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.75.

3D Systems Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.73. The company has a 50 day simple moving average of $2.11 and a 200-day simple moving average of $2.29. The firm has a market cap of $312.84 million, a PE ratio of -24.30 and a beta of 1.88.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, November 4th. The 3D printing company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. 3D Systems had a net margin of 4.01% and a negative return on equity of 38.72%. The firm had revenue of $91.25 million for the quarter, compared to the consensus estimate of $93.04 million. As a group, equities research analysts anticipate that 3D Systems Corporation will post -0.73 EPS for the current year.

Institutional Trading of 3D Systems

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its stake in shares of 3D Systems by 56.8% in the 2nd quarter. Inspire Investing LLC now owns 254,340 shares of the 3D printing company’s stock valued at $392,000 after acquiring an additional 92,185 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in 3D Systems by 14.6% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company’s stock worth $6,783,000 after purchasing an additional 298,310 shares during the period. Ledgewood Wealth Advisors LLC increased its stake in 3D Systems by 4.5% in the 2nd quarter. Ledgewood Wealth Advisors LLC now owns 233,800 shares of the 3D printing company’s stock worth $360,000 after purchasing an additional 10,000 shares during the period. BNP Paribas Financial Markets lifted its position in 3D Systems by 28.8% in the third quarter. BNP Paribas Financial Markets now owns 557,354 shares of the 3D printing company’s stock valued at $1,616,000 after purchasing an additional 124,713 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of 3D Systems during the third quarter valued at approximately $125,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.