3D Systems (NYSE:DDD) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

3D Systems Corporation (NYSE:DDD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as high as $3.08. 3D Systems shares last traded at $2.86, with a volume of 9,067,141 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DDD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price objective on shares of 3D Systems in a research note on Wednesday, May 13th. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings raised shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 3D Systems has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Stock Performance

The stock has a market capitalization of $420.28 million, a PE ratio of 11.44 and a beta of 2.71. The firm’s fifty day moving average is $2.55 and its 200-day moving average is $2.28. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37.

3D Systems (NYSE:DDD) last released its earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.08. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%.The company had revenue of $95.50 million during the quarter, compared to the consensus estimate of $92.39 million. As a group, research analysts anticipate that 3D Systems Corporation will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Capital World Investors acquired a new position in 3D Systems in the third quarter valued at approximately $15,104,000. Nuveen LLC boosted its holdings in shares of 3D Systems by 406.4% in the fourth quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after acquiring an additional 2,170,415 shares during the period. State Street Corp boosted its holdings in shares of 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares during the period. Marshall Wace LLP boosted its holdings in shares of 3D Systems by 596.7% in the fourth quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company’s stock valued at $3,186,000 after acquiring an additional 1,541,475 shares during the period. Finally, Penn Capital Management Company LLC boosted its holdings in shares of 3D Systems by 992.1% in the fourth quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock valued at $2,288,000 after acquiring an additional 1,174,038 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.

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.