3D Systems (NYSE:DDD) Shares Pass Above 200-Day Moving Average – Time to Sell?

3D Systems Corporation (NYSE:DDD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.42 and traded as high as $2.96. 3D Systems shares last traded at $2.79, with a volume of 5,000,839 shares trading hands.

Analyst Upgrades and Downgrades

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

3D Systems Trading Down 5.7%

The firm has a market cap of $409.99 million, a price-to-earnings ratio of 11.16 and a beta of 2.69. The business’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.73 and a current ratio of 2.76.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. The business had revenue of $95.50 million during the quarter, compared to the consensus estimate of $92.39 million. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%. Equities analysts expect that 3D Systems Corporation will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $27,000. Prudential Financial Inc. lifted its stake in 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 7,887 shares during the last quarter. NewEdge Advisors LLC lifted its stake 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 worth $28,000 after purchasing an additional 12,900 shares during the last quarter. CIBC Asset Management Inc acquired a new position in 3D Systems in the fourth quarter worth $36,000. Finally, CIBC Bancorp USA Inc. acquired a new position in 3D Systems in the third quarter worth $41,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.