3D Systems (NYSE:DDD) Share Price Crosses Above 200 Day Moving Average – Here’s Why

3D Systems Corporation (NYSE:DDD) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.32 and traded as high as $2.35. 3D Systems shares last traded at $2.2450, with a volume of 3,959,125 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on DDD. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a research note on Monday, December 29th. Wall Street Zen cut shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Finally, Cantor Fitzgerald lifted their price objective on 3D Systems from $4.00 to $4.75 and gave the company an “overweight” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.75.

3D Systems Stock Performance

The stock has a fifty day moving average price of $2.15 and a 200 day moving average price of $2.32. The company has a current ratio of 2.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.55. The firm has a market cap of $289.02 million, a price-to-earnings ratio of -22.45 and a beta of 2.38.

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

Institutional Trading of 3D Systems

Large investors have recently modified their holdings of the company. Prudential Financial Inc. grew its stake in 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 7,887 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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. CIBC Bancorp USA Inc. bought a new stake in 3D Systems during the third quarter valued at about $41,000. Founders Financial Securities LLC acquired a new stake in shares of 3D Systems in the third quarter valued at about $50,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of 3D Systems in the third quarter worth about $54,000. 64.49% of the stock is owned by institutional investors.

About 3D Systems

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.