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

Weiss Ratings reaffirmed their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report published on Friday morning,Weiss Ratings reports.

DDD has been the topic of several other reports. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

Shares of NYSE DDD opened at $2.95 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $3.69 and its two-hundred day moving average is $3.19. The company has a market cap of $399.40 million, a P/E ratio of -0.74 and a beta of 1.63. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.25.

Insider Transactions at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. The trade was a 25.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Institutional Trading of 3D Systems

Institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. acquired a new stake in 3D Systems in the 3rd quarter valued at $28,000. Blue Trust Inc. boosted its stake in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after buying an additional 8,050 shares in the last quarter. HighTower Advisors LLC bought a new position in 3D Systems in the 3rd quarter valued at $31,000. Finally, Cibc World Markets Corp bought a new position in 3D Systems in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.