3D Systems (NYSE:DDD) Stock Price Up 11.9% – Time to Buy?

3D Systems Corporation (NYSE:DDD) was up 11.9% during mid-day trading on Wednesday . The company traded as high as $3.60 and last traded at $3.57. Approximately 1,151,631 shares changed hands during trading, a decline of 71% from the average daily volume of 4,027,762 shares. The stock had previously closed at $3.19.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DDD. Weiss Ratings raised shares of 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of 3D Systems in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Two 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.00.

3D Systems Stock Up 10.7%

The stock has a market cap of $518.72 million, a price-to-earnings ratio of 14.12 and a beta of 2.71. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $2.70 and its 200-day moving average price is $2.33.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. The firm had revenue of $95.50 million for the quarter, compared to the consensus estimate 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 expect that 3D Systems Corporation will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDD. J. Derek Lewis & Associates Inc. acquired a new position in shares of 3D Systems during the 4th quarter valued at $27,000. Prudential Financial Inc. lifted its position in shares of 3D Systems by 74.8% during 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 lifted its position in shares of 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares during the period. CIBC Asset Management Inc acquired a new position in shares of 3D Systems during the 4th quarter valued at $36,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of 3D Systems during the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

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.