3D Systems (NYSE:DDD) Stock Passes Above 200-Day Moving Average – Should You Sell?

3D Systems Co. (NYSE:DDD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.05 and traded as high as $3.29. 3D Systems shares last traded at $3.28, with a volume of 1,955,139 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on DDD. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.25.

3D Systems Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The company’s 50 day moving average is $3.31 and its two-hundred day moving average is $3.05. The firm has a market cap of $444.83 million, a P/E ratio of -0.82 and a beta of 1.61.

Insider Activity at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after purchasing an additional 149,793 shares during the period. Geode Capital Management LLC increased its holdings in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of 3D Systems in the third quarter valued at approximately $252,000. XTX Topco Ltd increased its holdings in shares of 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares in the last quarter. Finally, DF Dent & Co. Inc. acquired a new stake in shares of 3D Systems in the third quarter valued at approximately $142,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.