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

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."

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