3D Systems (NYSE:DDD) Downgraded to “Strong Sell” at ValuEngine

3D Systems (NYSE:DDD) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday, April 2nd.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Vetr raised 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective on the stock in a report on Tuesday, January 16th. Deutsche Bank raised their price objective on 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a report on Friday, March 16th. Piper Jaffray restated a “neutral” rating on shares of 3D Systems in a research report on Thursday, March 15th. Finally, William Blair restated an “outperform” rating on shares of 3D Systems in a research report on Thursday, January 25th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.33.

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NYSE DDD traded down $0.02 during trading hours on Monday, hitting $11.97. The company had a trading volume of 792,131 shares, compared to its average volume of 2,751,313. 3D Systems has a 52 week low of $7.92 and a 52 week high of $23.70. The company has a quick ratio of 1.62, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. The company has a market cap of $1,340.16, a P/E ratio of -21.04 and a beta of 1.43.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. 3D Systems had a negative return on equity of 8.48% and a negative net margin of 10.24%. The firm had revenue of $177.30 million for the quarter, compared to analysts’ expectations of $164.87 million. During the same quarter last year, the firm posted $0.15 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. equities research analysts anticipate that 3D Systems will post -0.11 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Sciencast Management LP purchased a new position in shares of 3D Systems in the fourth quarter worth $106,000. Xact Kapitalforvaltning AB purchased a new position in shares of 3D Systems in the fourth quarter worth $116,000. Elkfork Partners LLC purchased a new position in shares of 3D Systems in the fourth quarter worth $118,000. Claraphi Advisory Network LLC purchased a new position in shares of 3D Systems in the fourth quarter worth $162,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of 3D Systems in the third quarter worth $283,000. Institutional investors and hedge funds own 64.19% of the company’s stock.

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About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for 3D Systems (NYSE:DDD)

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