3D Systems Corp. Sets New 1-Year High at $54.08 (DDD) (Daily Political)
3D Systems Corporation (NYSE:DDD)’s share price reached a new 52-week high during mid-day trading on Monday, Stock Ratings Network.com reports. The stock traded as high as $54.08 and last traded at $53.11, with a volume of 8,512,472 shares traded. The stock had previously closed at $48.44. DDD has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of 3D Systems Corporation (NYSE:DDD) in a research note to investors on Monday. They set a “buy” rating and a $125.00 price target on the stock.
Stratasys Ltd. (SSYS) Has Climbed To A New High For The Year (RTT News)
Stratasys, Ltd. (NASDAQ:SSYS) gapped open higher Monday and has continued to gain ground in early trade. The stock is now up 5.94 at $111.76. Stratasys has been gaining ground for the past 2 1/2 weeks and has set a new high for the year. Citigroup initiated coverage on the stock this morning with a “Buy” rating and a $125 price target.
The ExOne Company (XONE): Giving New Metals a Try (Insider Monkey)
When it comes to 3D printing, there is nothing new about the use of metals. Companies such as ExOne Co (NASDAQ:XONE) have been relying on a variety of metals for many years. However, things are about to change as this company, among others, begins to consider additional options. While the use of some metals is nothing more than a pipe dream, there are others, such as iron and tungsten, that appear much more doable. As reported by Ann Thryft of Design News, ExOne Co (NASDAQ:XONE) has added iron and bonded tungsten to the types of metal that can be used with its M-flex machines. This is a big step forward for the company, as well as the industry as a whole.
3D-Printing Market Set for Big Boom (Reason)
Wall Street is starting to wake up to the potential of 3D printing. This morning Citi analyst Kenneth Wong released a bullish note projecting that the market for 3D printing and related services will triple by 2018, and cites the leading companies in this area, Stratasys, Ltd. (NASDAQ:SSYS) and 3D Systems Corporation (NYSE:DDD). (Granted, such rapid growth is possible partly because the industry is still tiny, just $1.7 billion in 2011, with the market for 3D printed parts accounting for about half of that.) Wong cites such mouthfuls as “broader adoption across more upstream production applications and the consumer end market,” and “increased utilization of existing systems as customers start to extend use case beyond small batch digital manufacturing,” but here’s what that means in plain English.