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

3D Systems Corporation (NYSE:DDD)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.20 and traded as high as $2.83. 3D Systems shares last traded at $2.79, with a volume of 2,684,815 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDD. Weiss Ratings reiterated a “sell (d)” rating on shares of 3D Systems in a report on Friday, March 27th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

3D Systems Stock Up 5.0%

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73. The stock has a fifty day moving average price of $2.30 and a two-hundred day moving average price of $2.21. The company has a market cap of $461.42 million, a P/E ratio of 12.56 and a beta of 2.58.

3D Systems (NYSE:DDD) last posted its 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 company had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. On average, research analysts expect that 3D Systems Corporation will post -0.39 EPS for the current year.

Institutional Trading of 3D Systems

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its position 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 Bancorp USA Inc. purchased a new stake in shares of 3D Systems during the third quarter valued at approximately $41,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of 3D Systems during the fourth quarter valued at approximately $27,000. Prudential Financial Inc. increased its position 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. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of 3D Systems during the third quarter valued at approximately $54,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

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.