HP CEO Meg Whitman said at an annual shareholder's meeting Wednesday that the company plans to enter the market in June. The company promises to make advancements in 3D printing technology, saying it can increase speed and quality.
Shares of 3D Systems have fallen 10.5% since Whitman's comments on Wednesday.
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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 disappointing return on equity, premium valuation and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: