3D Systems (DDD) Stock Continues To Decline

NEW YORK (TheStreet) -- 3D Systems Corp (DDD) shares are down 6.6% to $51.68 in trading Monday.

The 3-D printing company has seen a steady drop since its January 3 high of $97.28. Shares are down about 47% since then. The drop comes despite the company's acquisition of Medical Modeling last week.

"The combination of our rapidly growing healthcare business with Medical Modeling's expanding range of products and services creates the largest 3D printing based personalized surgery and patient specific medical device service capabilities available today," said 3DS President and CEO Avi Reichental of the acquisition. 

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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."

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