Needham & Company LLC restated their hold rating on shares of 3D Systems (NYSE:DDD - Free Report) in a report published on Friday, Benzinga reports.
Separately, Cantor Fitzgerald decreased their price objective on shares of 3D Systems from $5.50 to $3.75 and set an overweight rating for the company in a research note on Friday.
View Our Latest Analysis on DDD
3D Systems Trading Down 8.4 %
DDD stock traded down $0.20 during midday trading on Friday, hitting $2.14. The stock had a trading volume of 6,992,179 shares, compared to its average volume of 1,864,352. The firm has a market cap of $285.17 million, a P/E ratio of -0.75 and a beta of 1.72. The company has a current ratio of 3.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.52. 3D Systems has a 1-year low of $2.07 and a 1-year high of $6.85. The business has a fifty day moving average price of $3.11 and a two-hundred day moving average price of $3.74.
3D Systems (NYSE:DDD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share for the quarter. 3D Systems had a negative net margin of 76.00% and a negative return on equity of 12.20%. The company had revenue of $102.91 million for the quarter. On average, sell-side analysts predict that 3D Systems will post -0.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On 3D Systems
Several large investors have recently modified their holdings of the stock. Algert Global LLC bought a new position in 3D Systems in the 2nd quarter worth approximately $41,000. Susquehanna Fundamental Investments LLC bought a new position in 3D Systems in the 2nd quarter valued at $824,000. Deerfield Management Company L.P. Series C bought a new position in 3D Systems in the 2nd quarter valued at $77,000. Caxton Associates LP boosted its holdings in 3D Systems by 60.4% in the 2nd quarter. Caxton Associates LP now owns 145,784 shares of the 3D printing company's stock valued at $448,000 after purchasing an additional 54,877 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in 3D Systems by 6.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 293,608 shares of the 3D printing company's stock valued at $901,000 after purchasing an additional 16,710 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.
About 3D Systems
(Get Free Report)
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.
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