Why 3D Systems (DDD) Stock Is Down Today

NEW YORK (TheStreet) -- 3D Systems (DDD) was falling -2.4% to $61.94 Wednesday as 3D printing stocks fall after a note from Citigroup (C).

In a note to investors Citigroup said that 3D Systems is an unlikely acquisition target. Shares of the 3D printing company recently gained on speculation of a possible acquisition. Citigroup cited 3D Systems' $7 billion market cap as a reason for its skepticism.

In the same not Citigroup said it expects competitor Voxeljet (VJET) to lose some its recent gains.

Must read: Warren Buffett's 25 Favorite Stocks

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

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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation."

If you liked this article you might like

3D Systems Stock Rising on JPMorgan Upgrade

Closing Bell: Another Record for Dow Stretches Streak Into Day Seven; Avon Tumbles

Some of Today's Worst Performing Stocks: Teva, Cheesecake Factory, 3D Systems