3D Systems Corp. (DDD) saw a big move in the last trading session, as the company’s shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for DDD, as the stock is up nearly 13% since Apr 29.
Although this slump was obviously disappointing, the company, a provider of 3D printing centric design-to-manufacturing solutions, has seen 3 positive revisions compared with just 2 negative revisions, and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for DDD. So make sure to keep an eye on this stock going forward to see if yesterday’s price declines confirmed by more weakness, or if it can rebound in the weeks ahead.
DDD currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Computer & Technology sector may consider better-ranked stocks like Bitauto Holdings Limited (BITA), Cypress Semiconductor Corporation (CY) and Digital River Inc. (DRIV), each of which holds a Zacks Rank #1 (Strong Buy).
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