3D Systems Corporation (DDD): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

3D Systems Corporation ( DDD) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.3%. By the end of trading, 3D Systems Corporation fell $0.61 (-1.1%) to $55.22 on light volume. Throughout the day, 2,032,758 shares of 3D Systems Corporation exchanged hands as compared to its average daily volume of 3,579,200 shares. The stock ranged in price between $54.59-$55.53 after having opened the day at $55.06 as compared to the previous trading day's close of $55.83. Other companies within the Computer Hardware industry that declined today were: Acorn Energy ( ACFN), down 6.7%, Crossroads Systems ( CRDS), down 6.0%, Digi International ( DGII), down 2.5% and Concurrent Computer Corporation ( CCUR), down 2.0%.

3D Systems Corporation, through its subsidiaries, develops, manufactures and markets 3D printers, print materials, on-demand custom parts services, and 3D authoring solutions for professionals and consumers. 3D Systems Corporation has a market cap of $5.6 billion and is part of the technology sector. Shares are up 55.1% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate 3D Systems Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates 3D Systems Corporation 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, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Dot Hill Systems Corporation ( HILL), up 5.7%, Performance Technologies ( PTIX), up 5.3%, Echelon Corporation ( ELON), up 4.2% and OCZ Technology Group ( OCZ), up 3.7% , were all gainers within the computer hardware industry with SanDisk ( SNDK) being today's featured computer hardware industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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