3D Systems Corp. (DDD) Trading Up 6.1%
3D Systems Corp. (NYSE:DDD) shares were up 6.1% on Friday . The stock traded as high as $15.18 and last traded at $15.08, with a volume of 1,811,713 shares changing hands. The stock had previously closed at $14.21.
Several research analysts have recently weighed in on DDD shares. Citigroup Inc. reissued a “sell” rating and set a $12.00 price target (down previously from $15.00) on shares of 3D Systems Corp. in a research report on Saturday, May 7th. Deutsche Bank AG reissued a “hold” rating and set a $14.00 price target on shares of 3D Systems Corp. in a research report on Sunday, May 8th. Brean Capital reissued a “hold” rating on shares of 3D Systems Corp. in a research report on Sunday, May 8th. Zacks Investment Research cut shares of 3D Systems Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, FBR & Co started coverage on shares of 3D Systems Corp. in a research report on Tuesday, May 24th. They set a “market perform” rating and a $14.50 price target on the stock. 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. The company has an average rating of “Hold” and an average target price of $14.13.
The stock’s 50-day moving average price is $14.60 and its 200 day moving average price is $13.99. The firm’s market capitalization is $1.67 billion.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. During the same period in the previous year, the business posted $0.03 earnings per share. The business earned $158.10 million during the quarter, compared to analyst estimates of $161.01 million. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts anticipate that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.
A hedge fund recently raised its stake in 3D Systems Corp. stock. Dimensional Fund Advisors LP raised its position in 3D Systems Corp. (NYSE:DDD) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.17% of 3D Systems Corp. worth $1,675,000 at the end of the most recent quarter.
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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