3D Systems (NYSE:DDD) Shares Cross Above 200 Day Moving Average – Should You Sell?

3D Systems Corporation (NYSE:DDD) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.51 and traded as high as $2.74. 3D Systems shares last traded at $2.64, with a volume of 2,190,404 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DDD shares. Weiss Ratings raised shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 target price on shares of 3D Systems in a research report on Wednesday, May 13th. Two 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. According to data from MarketBeat, 3D Systems has an average rating of “Hold” and an average target price of $5.00.

3D Systems Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73. The stock’s 50 day simple moving average is $3.09 and its two-hundred day simple moving average is $2.51. The stock has a market cap of $387.94 million, a price-to-earnings ratio of 10.56 and a beta of 2.69.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $92.39 million. On average, analysts forecast that 3D Systems Corporation will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DDD. J. Derek Lewis & Associates Inc. bought a new position in 3D Systems during the fourth quarter worth about $27,000. Prudential Financial Inc. grew its stake in shares of 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 7,887 shares during the period. NewEdge Advisors LLC grew its stake in shares of 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after purchasing an additional 12,900 shares during the period. CIBC Asset Management Inc acquired a new position in shares of 3D Systems in the 4th quarter worth approximately $36,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of 3D Systems during the 3rd quarter worth approximately $41,000. 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.