3D Systems (NYSE:DDD) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of 3D Systems Corporation (NYSE:DDD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.32 and traded as high as $3.17. 3D Systems shares last traded at $3.03, with a volume of 3,318,496 shares.

Analyst Upgrades and Downgrades

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

3D Systems Stock Performance

The stock has a market capitalization of $445.26 million, a P/E ratio of 12.12 and a beta of 2.71. The company’s 50-day moving average is $2.67 and its two-hundred day moving average is $2.32. 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 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. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $92.39 million. As a group, sell-side analysts anticipate that 3D Systems Corporation will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently made changes to their positions in the business. Deutsche Bank AG increased its position in shares of 3D Systems by 5.4% in the fourth quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company’s stock worth $174,000 after acquiring an additional 5,093 shares in the last quarter. ProShare Advisors LLC increased its position in shares of 3D Systems by 11.8% in the fourth quarter. ProShare Advisors LLC now owns 56,675 shares of the 3D printing company’s stock worth $100,000 after acquiring an additional 5,970 shares in the last quarter. Intech Investment Management LLC increased its position in shares of 3D Systems by 15.9% in the fourth quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company’s stock worth $93,000 after acquiring an additional 7,204 shares in the last quarter. Prudential Financial Inc. increased its position in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of 3D Systems by 1.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 772,424 shares of the 3D printing company’s stock worth $1,367,000 after acquiring an additional 8,392 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

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.