3D Systems Stock Soars Higher (TDSC)

NEW YORK (TheStreet) -- Shares of 3D Systems Corporation (Nasdaq:TDSC) have taken a tremendous swing upward. The stock is trading at $45.93 as of 10:16 a.m. ET, 30.7% above Wednesday's closing price of $35.15. Volume is at 243,430, 2.8 times the daily average of 87,700. 3D Systems has a market cap of $803.6 million and is part of the technology sector and computer software & services industry.

3D Systems Corporation, through its subsidiaries, designs, develops, manufactures, markets, and services 3-D printing, rapid manufacturing, and prototyping systems and related products and materials in the United States, Europe, and the Asia-Pacific region. The company has a P/E ratio of 58.5, above the average computer software & services industry P/E ratio of 57.6 and above the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates 3D Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full 3D Systems Ratings Report.

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