StockNews.com Begins Coverage on Desktop Metal (NYSE:DM)

StockNews.com began coverage on shares of Desktop Metal (NYSE:DM) in a report issued on Monday. The brokerage issued a hold rating on the pipeline company’s stock.

Desktop Metal Trading Up 1.0 %

Shares of NYSE:DM opened at $4.96 on Monday. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $165.37 million, a PE ratio of -0.44 and a beta of 0.17. Desktop Metal has a 1 year low of $1.84 and a 1 year high of $8.45. The firm has a fifty day moving average price of $4.07 and a 200 day moving average price of $3.58.

Institutional Investors Weigh In On Desktop Metal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Syquant Capital Sas bought a new position in shares of Desktop Metal in the first quarter valued at approximately $103,000. Toronto Dominion Bank acquired a new position in Desktop Metal during the 4th quarter worth $293,000. Squarepoint Ops LLC acquired a new position in Desktop Metal during the 4th quarter worth $41,000. OMERS ADMINISTRATION Corp boosted its holdings in Desktop Metal by 247.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 284,068 shares of the pipeline company’s stock valued at $665,000 after acquiring an additional 202,368 shares during the period. Finally, LMR Partners LLP acquired a new stake in shares of Desktop Metal in the fourth quarter valued at about $585,000. 56.31% of the stock is currently owned by institutional investors and hedge funds.

Desktop Metal Company Profile

Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.