3D Systems’ (DDD) Sell (E+) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of 3D Systems (NYSE:DDD) in a research report sent to investors on Friday morning,Weiss Ratings reports.

DDD has been the topic of a number of other reports. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and an average price target of $3.67.

3D Systems Price Performance

DDD opened at $1.53 on Friday. 3D Systems has a 12-month low of $1.32 and a 12-month high of $5.00. The company has a quick ratio of 1.96, a current ratio of 2.79 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $208.03 million, a P/E ratio of -0.73 and a beta of 1.89. The stock has a fifty day moving average of $1.76 and a 200-day moving average of $2.70.

Hedge Funds Weigh In On 3D Systems

Several hedge funds have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in 3D Systems by 15.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock worth $55,000 after buying an additional 2,279 shares during the last quarter. Cetera Investment Advisers grew its position in shares of 3D Systems by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company’s stock valued at $417,000 after purchasing an additional 2,887 shares during the last quarter. Rhumbline Advisers grew its position in shares of 3D Systems by 2.2% in the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after purchasing an additional 4,451 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of 3D Systems by 67.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock valued at $46,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of 3D Systems by 10.5% in the fourth quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock valued at $239,000 after purchasing an additional 6,917 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Company Profile

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.