Worth Watching: What’s Ahead for 3D Systems Corporation After Today’s Big Decline?

Worth Watching: What's Ahead for 3D Systems Corporation After Today's Big Decline?

The stock of 3D Systems Corporation (NYSE:DDD) is a huge mover today! The stock decreased 2.73% or $0.39 during the last trading session, hitting $13.91. About 2.63M shares traded hands. 3D Systems Corporation (NYSE:DDD) has declined 13.86% since April 13, 2016 and is downtrending. It has underperformed by 17.78% the S&P500.
The move comes after 5 months negative chart setup for the $1.52B company. It was reported on Nov, 15 by Barchart.com. We have $12.80 PT which if reached, will make NYSE:DDD worth $121.60M less.

3D Systems Corporation (NYSE:DDD) Ratings Coverage

Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 3 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 21% are positive. 3D Systems Corporation has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 29 the stock rating was upgraded by Longbow to “Neutral”. Jefferies maintained the stock with “Hold” rating in Monday, January 25 report. The stock of 3D Systems Corporation (NYSE:DDD) has “Buy” rating given on Sunday, August 9 by Needham. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by Canaccord Genuity on Friday, January 15. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by Deutsche Bank on Tuesday, March 15. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, March 15. The stock has “Equal Weight” rating given by Pacific Crest on Monday, August 10. The stock has “Hold” rating given by Jefferies on Tuesday, March 15. The company was initiated on Tuesday, May 24 by FBR Capital. On Thursday, November 5 the stock rating was maintained by Needham with “Buy”.

According to Zacks Investment Research, “3D Systems Corp. is a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping well as for production of functional end-use parts: Transform your products.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.23, from 1.16 in 2016Q1. The ratio worsened, as 24 funds sold all 3D Systems Corporation shares owned while 73 reduced positions. 15 funds bought stakes while 75 increased positions. They now own 54.83 million shares or 2.27% more from 53.61 million shares in 2016Q1.
The Pennsylvania-based Vantage Advisors Lc has invested 0% in 3D Systems Corporation (NYSE:DDD). Northern Corp holds 1.64 million shares or 0.01% of its portfolio. Rockefeller Financial Svcs accumulated 0% or 167 shares. Proshare Limited Liability has 25,540 shares for 0% of their US portfolio. Atwood And Palmer has 0% invested in the company for 50 shares. Oregon Public Employees Retirement Fund holds 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 34,944 shares. Citadel Advsr Limited Liability Company reported 207,844 shares or 0% of all its holdings. Allsquare Wealth Mngmt Lc holds 300 shares or 0% of its portfolio. Credit Suisse Ag reported 770,784 shares or 0.01% of all its holdings. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Ironwood Ltd Liability Company holds 0% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 110 shares. Federated Investors Pa last reported 0% of its portfolio in the stock. Moreover, Huntington Bank has 0% invested in 3D Systems Corporation (NYSE:DDD) for 4,500 shares. Boothbay Fund Management Ltd Limited Liability Company last reported 0.07% of its portfolio in the stock. Moreover, Hutchin Hill Cap Lp has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 13,300 shares.

More notable recent 3D Systems Corporation (NYSE:DDD) news were published by: Fool.com which released: “Why 3D Systems Corporation’s Shares Fell 23% Last Month” on November 08, 2016, also Fool.com with their article: “Why 3D Systems Corporation Stock Popped Today” published on November 03, 2016, Fool.com published: “2 Critical Takeaways From 3D Systems’ Q3 Earnings Call” on November 09, 2016. More interesting news about 3D Systems Corporation (NYSE:DDD) were released by: Investorplace.com and their article: “3D Systems Corporation (DDD) Stock: Is the Carnage Over?” published on October 19, 2016 as well as Profitconfidential.com‘s news article titled: “3D Systems Corporation: Don’t Fear, the DDD Stock Bull is Still Here” with publication date: October 22, 2016.

DDD Company Profile

3D Systems Corporation, incorporated on May 14, 1993, is a holding company. The Firm provides three-dimensional (3D) services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room. The Company’s precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices, as well as patient-specific surgical instruments. The Company’s clients can use 3D printing to design and manufacture parts. The Company’s clients include companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy and healthcare.

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