3D Systems Sees Unusually Large Options Volume (NYSE:DDD)

3D Systems Co. (NYSE:DDD) saw some unusual options trading activity on Friday. Investors bought 11,009 put options on the company. This is an increase of approximately 472% compared to the average daily volume of 1,925 put options.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DDD. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, June 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.25 price objective on shares of 3D Systems in a research report on Tuesday, May 14th.

3D Systems Stock Performance

Shares of NYSE DDD traded down $0.06 during mid-day trading on Friday, reaching $2.45. 807,861 shares of the company were exchanged, compared to its average volume of 1,810,657. The company’s 50-day simple moving average is $3.39 and its 200-day simple moving average is $3.93. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $326.91 million, a P/E ratio of -0.88 and a beta of 1.72. 3D Systems has a twelve month low of $2.28 and a twelve month high of $6.85.

Institutional Trading of 3D Systems

A number of hedge funds have recently modified their holdings of DDD. Russell Investments Group Ltd. raised its stake in 3D Systems by 5,994.9% in the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after purchasing an additional 4,676 shares in the last quarter. Quadrant Capital Group LLC raised its stake in 3D Systems by 471.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after purchasing an additional 3,991 shares in the last quarter. Inspire Investing LLC acquired a new stake in 3D Systems in the 2nd quarter worth about $35,000. Foundations Investment Advisors LLC acquired a new stake in 3D Systems in the 2nd quarter worth about $37,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in 3D Systems in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.