Shares of 3D Systems Corp. (NYSE:DDD) fell 7.8% during trading on Wednesday . The stock traded as low as $14.50 and last traded at $14.69, with a volume of 3,156,035 shares trading hands. The stock had previously closed at $15.93.

Several research firms have recently commented on DDD. Zacks Investment Research downgraded shares of 3D Systems Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th. Vetr raised shares of 3D Systems Corp. from a “strong sell” rating to a “hold” rating and set a $12.40 price objective on the stock in a report on Tuesday, August 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems Corp. in a report on Thursday, August 4th. Pacific Crest reaffirmed an “equal weight” rating on shares of 3D Systems Corp. in a report on Sunday, June 5th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of 3D Systems Corp. in a report on Wednesday, June 8th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. 3D Systems Corp. currently has an average rating of “Hold” and a consensus price target of $14.13.

The stock’s market capitalization is $1.67 billion. The stock’s 50 day moving average price is $14.59 and its 200 day moving average price is $13.98.

3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm earned $158.10 million during the quarter, compared to analysts’ expectations of $161.01 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts expect that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.

An institutional investor recently raised its position in 3D Systems Corp. stock. Dimensional Fund Advisors LP increased its stake in 3D Systems Corp. (NYSE:DDD) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,719 shares of the 3D printing company’s stock after buying an additional 1,500 shares during the period. Dimensional Fund Advisors LP owned about 0.17% of 3D Systems Corp. worth $1,675,000 as of its most recent filing with the SEC.

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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