3D Systems Corporation (DDD) is Downgraded by Citigroup to Sell

3D Systems Corporation (DDD) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on 3D Systems Corporation. 3D Systems Corporation was Upgraded by BofA/Merrill to ” Buy” on Apr 14, 2016. Company shares were Reiterated by Needham on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .3D Systems Corporation was Downgraded by JP Morgan to ” Underweight” on Mar 15, 2016.

On the company’s financial health, 3D Systems Corporation reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Mar 14, 2016. Analyst had a consensus of $0.06. The company had revenue of $183.40 million for the quarter, compared to analysts expectations of $183.00 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

3D Systems Corporation opened for trading at $15.73 and hit $16.69 on the upside on Monday, eventually ending the session at $16.49, with a gain of 4.50% or 0.71 points. The heightened volatility saw the trading volume jump to 33,12,682 shares. Company has a market cap of $1,841 M.

In a different news, on Dec 7, 2015, G Walter Ii Loewenbaum (director) purchased 10,000 shares at $9.07 per share price. According to the SEC, on Sep 10, 2015, Andrew Martin Johnson (EVP, Chief Legal Officer & Sec) sold 8,000 shares at $13.32 per share price. On Sep 4, 2015, Kevin S Moore (director) purchased 6,000 shares at $12.94 per share price, according to the Form-4 filing with the securities and exchange commission.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions including 3D printers print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services digitizing scanners and simulation products. The Company operates in the Americas Europe the Middle East and the Asia Pacific regions.

3D Systems Corporation

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3D Systems Corporation - Is it time to Sell?

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