Why 3D Systems Fell Again This Morning
Last week was a rough week for investors in 3D printer maker 3D Systems (NYSE: DDD) -- and this week isn't starting off much better. 3D Systems' stock fell 10% in early Monday trading after it was reported that analysts at Zacks Equity Research had added the stock to their "strong sell" list.
Image source: Getty Images.
Zacks didn't provide a whole lot of context for its decision to downgrade 3D, saying only that the "Zacks Consensus Estimate" for 3D's current year earnings "has been revised 93.2% downward over the last 30 days." Be that as it may, analysts surveyed by Yahoo! Finance are still predicting that 3D will earn about $0.44 per diluted share this year and grow that figure 27% to $0.56 per diluted share in 2018.
Source: Fool.com
3D Systems Corp. Stock
€1.95
0.650%
Currently there is a rather positive sentiment for 3D Systems Corp. with 4 Buy predictions and 2 Sell predictions.
With a target price of 7 € there is potential for a 258.97% increase which would mean more than doubling the current price of 1.95 € for 3D Systems Corp..
