Why 3D Systems (DDD) Stock Is Soaring Today

NEW YORK (TheStreet) -- Shares of 3D Systems Corp. (DDD) are higher by 8.03% to $54.86 on Thursday following the company's announcement it will be presenting its 3D PRINITNG 2.0 capabilities at the Atlantic Design and Manufacturing show in NYC from June 10-12.

The company is planning on demonstrating "its powerful 3D design-to-manufacturing products that are specifically designed for the production floor and the engineer's desktop."

3DS said it is inviting attendees to "try its fab-grade multi materials 3D printer, and see the output of its latest direct metal 3D printers, all capable of printing fully functional parts and assemblies."

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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."

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