3D Systems (NYSE:DDD) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of 3D Systems Corporation (NYSE:DDD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as high as $3.08. 3D Systems shares last traded at $2.86, with a volume of 9,067,141 shares trading hands.

Analysts Set New Price Targets

DDD has been the subject of several research analyst reports. Weiss Ratings raised 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price objective on shares of 3D Systems in a report on Wednesday, May 13th. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

3D Systems Trading Down 6.8%

The firm has a market cap of $420.28 million, a PE ratio of 11.44 and a beta of 2.71. The business has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $92.39 million. Analysts forecast that 3D Systems Corporation will post -0.31 EPS for the current year.

Institutional Trading of 3D Systems

A number of large investors have recently made changes to their positions in DDD. J. Derek Lewis & Associates Inc. acquired a new stake in shares of 3D Systems during the fourth quarter valued at $27,000. Prudential Financial Inc. boosted its stake in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 7,887 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of 3D Systems during the fourth quarter valued at $36,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of 3D Systems during the third quarter valued at $41,000. Institutional investors and hedge funds 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.