3D Systems (NYSE:DDD) Trading Down 6%

3D Systems Co. (NYSE:DDD)’s share price dropped 6% on Friday . The company traded as low as $3.69 and last traded at $3.75. Approximately 1,355,980 shares changed hands during trading, a decline of 23% from the average daily volume of 1,762,636 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

DDD has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, June 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $8.25 price objective on shares of 3D Systems in a report on Tuesday, May 14th.

3D Systems Price Performance

The stock has a market cap of $507.03 million, a price-to-earnings ratio of -1.31 and a beta of 1.72. The company’s 50 day moving average is $3.60 and its 200 day moving average is $4.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in 3D Systems by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,950,820 shares of the 3D printing company’s stock valued at $68,499,000 after purchasing an additional 51,868 shares during the last quarter. Raymond James & Associates grew its holdings in shares of 3D Systems by 18.0% during the fourth quarter. Raymond James & Associates now owns 115,996 shares of the 3D printing company’s stock worth $737,000 after buying an additional 17,660 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of 3D Systems by 386.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,490 shares of the 3D printing company’s stock valued at $41,000 after buying an additional 5,155 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of 3D Systems during the fourth quarter valued at approximately $424,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 3D Systems by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,166 shares of the 3D printing company’s stock worth $858,000 after acquiring an additional 2,890 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.