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.
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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