3D Systems Corporation (DDD) has been under a strong bear grip, hence the stock is down -3.39% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.74% in the past 1 week. The stock has risen by 0.68% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.15% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.94% and the 50-Day Moving Average is 0.83%. 3D Systems Corporation has dropped 24.31% during the last 3-month period . Year-to-Date the stock performance stands at 54.09%.
3D Systems Corporation (NYSE:DDD): stock turned positive on Friday. Though the stock opened at $13.06, the bulls momentum made the stock top out at $13.5 level for the day. The stock recorded a low of $12.88 and closed the trading day at $13.39, in the green by 2.06%. The total traded volume for the day was 2,455,361. The stock had closed at $13.12 in the previous days trading.
Also, Equity Analysts at the Piper Jaffray downgrades the rating on 3D Systems Corporation (NYSE:DDD). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency lowers the price target from $12 per share to $10.5 per share. The rating by the firm was issued on July 18, 2016.
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.