3D Systems (NYSE:DDD) Shares Gap Up to $3.70

3D Systems Co. (NYSE:DDD) gapped up prior to trading on Monday . The stock had previously closed at $3.70, but opened at $3.92. 3D Systems shares last traded at $3.78, with a volume of 433,103 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on DDD. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd. Cantor Fitzgerald started coverage on 3D Systems in a report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price on the stock.

3D Systems Trading Down 1.3 %

The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average of $4.56 and a 200 day moving average of $4.86.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The company had revenue of $114.85 million for the quarter, compared to analysts’ expectations of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. On average, equities analysts forecast that 3D Systems Co. will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in 3D Systems by 1.3% during the 3rd quarter. BlackRock Inc. now owns 21,264,006 shares of the 3D printing company’s stock worth $169,687,000 after purchasing an additional 277,012 shares during the last quarter. Vanguard Group Inc. increased its holdings in 3D Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 14,118,982 shares of the 3D printing company’s stock worth $89,656,000 after purchasing an additional 168,162 shares during the last quarter. State Street Corp increased its holdings in 3D Systems by 0.9% during the 1st quarter. State Street Corp now owns 5,829,739 shares of the 3D printing company’s stock worth $62,494,000 after purchasing an additional 50,585 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in 3D Systems by 0.5% during the 1st quarter. Invesco Ltd. now owns 5,796,473 shares of the 3D printing company’s stock worth $96,685,000 after purchasing an additional 29,582 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

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.