3D Systems (NYSE:DDD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

3D Systems Corporation (NYSE:DDD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.42 and traded as high as $2.96. 3D Systems shares last traded at $2.79, with a volume of 5,000,839 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DDD shares. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Leerink Partners restated an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a report on Wednesday, May 13th. Finally, Weiss Ratings raised 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.

3D Systems Stock Performance

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 business has a 50-day moving average of $2.97 and a 200-day moving average of $2.43. The company has a market capitalization of $409.99 million, a P/E ratio of 11.16 and a beta of 2.69.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. The firm had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $92.39 million. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. On average, sell-side analysts anticipate that 3D Systems Corporation will post -0.31 EPS for the current year.

Institutional Trading of 3D Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. J. Derek Lewis & Associates Inc. acquired a new stake in shares of 3D Systems during the fourth quarter worth $27,000. Prudential Financial Inc. increased its position in shares of 3D Systems by 74.8% in the 2nd 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 period. NewEdge Advisors LLC raised its stake in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 12,900 shares during the last quarter. CIBC Asset Management Inc purchased a new position in 3D Systems in the 4th quarter worth $36,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in 3D Systems during the 3rd quarter worth about $41,000. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

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.