3D Systems (NYSE:DDD) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

3D Systems Corporation (NYSE:DDD)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.79 and traded as low as $2.70. 3D Systems shares last traded at $2.78, with a volume of 2,250,954 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on DDD. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Tuesday, August 4th. Weiss Ratings cut 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.50.

3D Systems Stock Performance

The stock has a market capitalization of $461.90 million, a price-to-earnings ratio of -6.78 and a beta of 2.77. 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 stock’s 50-day simple moving average is $3.28 and its 200 day simple moving average is $2.79.

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

Insider Buying and Selling

In related news, CEO Jeffrey Graves sold 42,686 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $3.55, for a total transaction of $151,535.30. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.99% of the stock is currently owned by company insiders.

Institutional Trading of 3D Systems

Several large investors have recently made changes to their positions in DDD. NewEdge Advisors LLC increased its stake in shares of 3D Systems by 87.4% in the second quarter. NewEdge Advisors LLC now owns 11,873 shares of the 3D printing company’s stock valued at $36,000 after buying an additional 5,538 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 3D Systems by 130.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 30,000 shares of the 3D printing company’s stock valued at $56,000 after buying an additional 17,000 shares during the last quarter. WINTON GROUP Ltd acquired a new position in 3D Systems during the 2nd quarter worth about $56,000. Simplicity Wealth LLC acquired a new position in 3D Systems during the 3rd quarter worth about $85,000. Finally, GC Wealth Management RIA LLC bought a new stake in 3D Systems during the 1st quarter worth about $86,000. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.