3D Systems (NYSE:DDD) Trading 9.2% Higher – Should You Buy?

Shares of 3D Systems Corporation (NYSE:DDD) were up 9.2% on Thursday . The company traded as high as $3.43 and last traded at $3.43. 547,503 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 3,660,818 shares. The stock had previously closed at $3.14.

Wall Street Analyst Weigh In

DDD has been the topic of several recent research reports. Weiss Ratings downgraded shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.50.

3D Systems Trading Up 2.8%

The business’s 50 day moving average is $3.19 and its two-hundred day moving average is $2.82. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $604.79 million, a P/E ratio of -8.88 and a beta of 2.75.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The firm had revenue of $94.60 million during the quarter, compared to analyst estimates of $94.01 million. Analysts expect that 3D Systems Corporation will post -0.23 EPS for the current year.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 42,686 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total value of $151,535.30. Following the completion of the sale, the chief executive officer directly owned 1,231,596 shares in the company, valued at $4,372,165.80. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.99% of the stock is currently owned by insiders.

Institutional Trading of 3D Systems

Several institutional investors have recently modified their holdings of DDD. Bank of New York Mellon Corp acquired a new stake in 3D Systems in the 2nd quarter valued at about $1,221,000. Dimensional Fund Advisors LP boosted its position in shares of 3D Systems by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company’s stock valued at $3,537,000 after purchasing an additional 320,427 shares in the last quarter. Penn Capital Management Company LLC grew its stake in shares of 3D Systems by 992.1% in the 4th quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company’s stock worth $2,288,000 after purchasing an additional 1,174,038 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of 3D Systems by 16.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company’s stock worth $2,180,000 after purchasing an additional 161,643 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of 3D Systems by 83.1% in the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock worth $3,749,000 after purchasing an additional 961,166 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.

Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.