Weiss Ratings Reiterates Sell (D-) Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Cantor Fitzgerald dropped their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Stock Performance

NYSE DDD opened at $1.74 on Wednesday. 3D Systems has a 52-week low of $1.48 and a 52-week high of $5.00. The company has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market capitalization of $236.68 million, a PE ratio of -0.44 and a beta of 1.89.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of 3D Systems by 15.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock worth $55,000 after purchasing an additional 2,279 shares during the last quarter. Cetera Investment Advisers grew its holdings in 3D Systems by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company’s stock worth $417,000 after acquiring an additional 2,887 shares in the last quarter. Rhumbline Advisers grew its holdings in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after acquiring an additional 4,451 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in 3D Systems by 67.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock worth $46,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in 3D Systems by 10.5% during the 4th quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock worth $239,000 after acquiring an additional 6,917 shares in the last quarter. 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.