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

3D Systems Corporation (NYSE:DDD) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.75 and traded as high as $3.53. 3D Systems shares last traded at $3.38, with a volume of 1,768,140 shares traded.

Analyst Upgrades and Downgrades

DDD has been the subject of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a research report on Wednesday, May 13th. Weiss Ratings cut shares of 3D Systems from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. Finally, Craig Hallum raised shares of 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.50.

3D Systems Stock Down 3.0%

The stock has a 50-day moving average price of $3.14 and a 200-day moving average price of $2.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. The company has a market capitalization of $544.97 million, a P/E ratio of -8.00 and a beta of 2.75.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, August 3rd. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%.The business had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $94.01 million. On average, research analysts predict that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other news, CEO Jeffrey Graves sold 115,500 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.26, for a total transaction of $376,530.00. Following the completion of the sale, the chief executive officer directly owned 1,314,241 shares in the company, valued at $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in 3D Systems by 15.9% during the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company’s stock valued at $20,107,000 after acquiring an additional 1,556,321 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock worth $4,876,000 after acquiring an additional 105,500 shares in the last quarter. Nuveen LLC lifted its stake in shares of 3D Systems by 406.4% in the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company’s stock valued at $4,787,000 after purchasing an additional 2,170,415 shares during the period. Icon Advisers Inc. Co. lifted its stake in shares of 3D Systems by 23.8% in the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock valued at $7,540,000 after purchasing an additional 500,000 shares during the period. Finally, UBS Group AG boosted its position in shares of 3D Systems by 83.1% during the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company’s stock valued at $3,749,000 after purchasing an additional 961,166 shares in the last quarter. Institutional investors and hedge funds 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.