3D Systems (NYSE:DDD) Stock Passes Above 200-Day Moving Average – Here’s What Happened

3D Systems Corporation (NYSE:DDD) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.46 and traded as high as $3.24. 3D Systems shares last traded at $3.09, with a volume of 2,676,264 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DDD shares. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings raised 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

3D Systems Trading Down 0.6%

The firm has a 50-day moving average price of $3.05 and a 200-day moving average price of $2.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.73 and a current ratio of 2.76. The stock has a market cap of $454.07 million, a PE ratio of 12.36 and a beta of 2.69.

3D Systems (NYSE:DDD) last issued its earnings results on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%.The business had revenue of $95.50 million for the quarter, compared to the consensus estimate of $92.39 million. As a group, equities analysts anticipate that 3D Systems Corporation will post -0.31 EPS for the current fiscal year.

Institutional Trading of 3D Systems

Institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. purchased a new position in shares of 3D Systems during the fourth quarter valued at approximately $27,000. Prudential Financial Inc. boosted its holdings in 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 7,887 shares during the last quarter. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 12,900 shares during the last quarter. CIBC Asset Management Inc bought a new stake in 3D Systems in the 4th quarter worth approximately $36,000. Finally, CIBC Bancorp USA Inc. bought a new stake in 3D Systems in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors 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.