3D Systems (NYSE:DDD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of 3D Systems Corporation (NYSE:DDD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.11 and traded as high as $3.04. 3D Systems shares last traded at $2.8250, with a volume of 4,445,074 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday, October 8th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Zacks Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Price Performance

The firm has a market cap of $362.31 million, a PE ratio of -2.16 and a beta of 2.11. The firm has a fifty day simple moving average of $2.72 and a two-hundred day simple moving average of $2.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock valued at $26,000 after buying an additional 10,814 shares in the last quarter. Prudential Financial Inc. grew its holdings in 3D Systems by 74.8% during the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 7,887 shares in the last quarter. NewEdge Advisors LLC grew its position in 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 12,900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in 3D Systems in the first quarter worth about $29,000. Finally, State of Wyoming purchased a new position in 3D Systems in the first quarter worth about $34,000. Hedge funds and other institutional investors 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.