3D Systems Corporation DDD was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came after the company received a rating upgrade from Stephens & Co. to “overweight” from “equal weight.” This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.67 to $9.65 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
3D Systems currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
A better-ranked stock from the broader computer and technology sector is Autodesk, Inc. ADSK, which sports a Zacks Rank #1 (Strong Buy).
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