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Why 3D Systems (DDD) Stock Is Gaining In Pre-Market Trading Friday

Stocks in this article: DDD

NEW YORK (TheStreet) -- Shares of the largest publicly traded 3D printing company, 3D Systems Corp. (DDD), are higher by 1.78% to $56 in pre-market trading on Friday.

The gain continues following Thursday's announcement the company will be presenting its latest 3D printing 2.0 capabilities at the Atlantic Design and Manufacturing expo in NYC June 10-12.

Insurance bank BB&T (BBT) praised 3D Systems main rival, Stratasys Ltd (SSYS) on its line of MakerBot 3D printers sending the stock up 7.2%, which could have also played a part in 3D Systems rise, as the positive news helped fellow printing company ExOne Co. (XONE) rise 11.6% on Thursday.

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TheStreet Ratings team rates 3D SYSTEMS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate 3D SYSTEMS CORP (DDD) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth greatly exceeded the industry average of 4.3%. Since the same quarter one year prior, revenues rose by 44.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Although DDD's debt-to-equity ratio of 0.02 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 3.66, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for 3D SYSTEMS CORP is rather high; currently it is at 51.12%. Regardless of DDD's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, DDD's net profit margin of 3.30% is significantly lower than the industry average.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison to the other companies in the Computers & Peripherals industry and the overall market, 3D SYSTEMS CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • You can view the full analysis from the report here: DDD Ratings Report
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