Shares last traded at $12.60 which is quite a bit below the 50 day moving average of $15.31 and quite a bit lower than the 200 day moving average of $17.04. The 50 day moving average went down by -17.72% and the 200 day average went down by -26.07%. (NYSE:DDD) shares saw light trading volume with 1,218K shares changing hands in the last trading session. Trading volume was down 67.14% under the stocks average daily volume.
There has been some buying and selling insider activity on 3D Systems Corporation (NYSE:DDD) recently. Vyomesh Joshi, President and CEO acquired $199,584 worth of shares at an average price of $12.96 on August 8th. The President and CEO now owns $2,143,584 of the stock per an SEC filing yesterday. Andrew Martin Johnson, EVP disclosed the sale of 10,000 shares of (DDD). The shares were purchased at an average price of $21.19. The EVP now owns $5,120,903 of the stock per the Form 4 SEC filing.
These funds have also shifted positions in (DDD). As of the end of the quarter BNP Paribas Arbitrage, SA had disposed of 10 shares trimming its holdings by 0.3%. The value of the total investment in 3D Systems Corporation increased from $278,000 to $707,142,000 a change of 254,267.6% for the reporting period. As of quarter end Villere St Denis J & Co LLC had sold a total of 712,965 shares trimming its stake by 12.7%. The value of the company’s investment in 3D Systems Corporation went from $83,742,000 to $91,345,000 a change of $7,603,000 quarter to quarter.
Nationwide Fund Advisors downsized its position by selling 96,785 shares a decrease of 22.3% in the quarter. Nationwide Fund Advisors now holds 337,902 shares valued at $6,319,000. The total value of its holdings decreased 2.8%. As of the end of the quarter Renaissance Technologies LLC had bought 137,850 shares growing its position 119.9%. The value of the investment in 3D Systems Corporation went from $1,528,000 to $4,728,000 increasing 209.4% since the last quarter.
On August 4 the company was upgraded to “Neutral” from “Underweight” by analysts at JP Morgan. On July 24, 2017 Loop Capital starting coverage on the stock giving it an initial rating of “Hold”.
Equity analyst Susquehanna started covering the stock by announcing an initial rating of “Neutral”.
In the market the company is trading unchanged by 0.00% since yesterday’s close of $12.6. As of the latest earnings report the EPS was $-0.31 and is projected to be $0.44 for the current year with 113,800,000 shares outstanding. Next quarter’s EPS is forecasted at $0.18 and the next full year EPS is projected to be $0.56.
3D Systems Corporation, launched on May 14, 1993, is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments. Its solutions support applications in a range of industries, including healthcare, aerospace, automotive and durable goods. The Company offers a range of 3D printers, print materials, software, haptic devices, scanners and virtual surgical simulators..