Price Action To Observe: Does 3D Systems Corporation Have Any Gas After Today’s Big Decline?

Price Action To Observe: Does 3D Systems Corporation Have Any Gas After Today's Big Decline?

The stock of 3D Systems Corporation (NYSE:DDD) is a huge mover today! About 2.35M shares traded hands. 3D Systems Corporation (NYSE:DDD) has risen 40.37% since March 9, 2016 and is uptrending. It has outperformed by 32.96% the S&P500.
The move comes after 5 months negative chart setup for the $1.68B company. It was reported on Oct, 12 by We have $15.10 PT which if reached, will make NYSE:DDD worth $84.00 million less.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on November, 2. They expect $0.01 EPS, up 125.00% or $0.05 from last year’s $-0.04 per share. DDD’s profit will be $1.06M for 397.25 P/E if the $0.01 EPS becomes a reality. After $0.06 actual EPS reported by 3D Systems Corporation for the previous quarter, Wall Street now forecasts -83.33% negative EPS growth.

3D Systems Corporation (NYSE:DDD) Ratings Coverage

Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 2 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 14% are positive. 3D Systems Corporation has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Longbow given on Wednesday, July 29. The firm has “Sell” rating given on Friday, July 31 by UBS. The firm has “Sell” rating by UBS given on Tuesday, January 26. The stock has “Buy” rating given by Needham on Monday, August 3. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, March 15 report. Needham maintained 3D Systems Corporation (NYSE:DDD) on Thursday, November 5 with “Buy” rating. The firm earned “Underweight” rating on Tuesday, March 15 by JP Morgan. The rating was upgraded by Stephens on Thursday, December 17 to “Overweight”. As per Tuesday, May 24, the company rating was initiated by FBR Capital. As per Monday, August 10, the company rating was maintained by Jefferies.

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 fall, 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.
Gradient Invests Ltd Liability Com has invested 0% of its portfolio in 3D Systems Corporation (NYSE:DDD). Blackrock Grp Inc Limited last reported 0% of its portfolio in the stock. Wealthtrust has invested 0% of its portfolio in 3D Systems Corporation (NYSE:DDD). Benjamin F Edwards & accumulated 1,000 shares or 0% of the stock. Focused Wealth accumulated 0% or 30 shares. Teacher Retirement Systems Of Texas has invested 0% of its portfolio in 3D Systems Corporation (NYSE:DDD). Tocqueville Asset L P accumulated 266,071 shares or 0.05% of the stock. Atlantic Ltd Limited Liability Company accumulated 0% or 46,903 shares. Ruggie Cap Grp Incorporated accumulated 0.25% or 81 shares. Stoneridge Prns Ltd Liability Company has invested 0.11% of its portfolio in 3D Systems Corporation (NYSE:DDD). Wfg Advsrs Ltd Partnership holds 869 shares or 0% of its portfolio. Paloma Prtn Mngmt holds 31,955 shares or 0% of its portfolio. Independent Port Consultants last reported 0% of its portfolio in the stock. Peoples Fincl Svcs accumulated 2,000 shares or 0.02% of the stock. Moreover, Architects has 0.02% invested in 3D Systems Corporation (NYSE:DDD) for 4,550 shares.

Insider Transactions: Since May 12, 2016, the stock had 1 insider purchase, and 0 insider sales for $241,500 net activity. $241,500 worth of 3D Systems Corporation (NYSE:DDD) shares were bought by LOEWENBAUM G WALTER II.

Another recent and important 3D Systems Corporation (NYSE:DDD) news was published by which published an article titled: “3D Systems Corporation: DDD Stock has HUGE Upside” on September 20, 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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