3D Systems (NYSE:DDD) Stock Tumbles after Missing Quarterly Forecasts

The Rock Hill, South Carolina- based 3D Systems Corporation (NYSE:DDD) stock tumbled after announcing quarterly revenue that failed to meet analysts’ forecasts.

Shares of three- dimensional printers maker tumbled 9% to settle at $34.55 in New York. 3D Systems stock had almost tripled in the 12 months through Feb. 22 as the Standard & Poor’s 600 Smallcap Index hiked 13%.

3D Systems announced revenue of $101.6 million, a 45% boost from $69.9 million in previous year, in fiscal fourth-quarter. The median forecasts of 7 Bloomberg gathered forecasts were $103.9 million.

Profit without few items like stock-based compensation and acquisition and severance costs moved up to 39 cents per share from 27 cents per share in previous year, surpassing the 26-cent median forecast.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. ExOne Co (NASDAQ:XONE) fell -3.64% to settle at $25.68, General Electric Company (NYSE:GE) moved down -2.48% to end at $22.81 while iGo, Inc. (NASDAQ:IGOI) jumped -6.08% to finish at $3.09 on Monday.

3D Systems Corporation (NYSE:DDD) last session’s volume of 15.72 million shares was surprisingly higher than its average volume of 5.84 million shares. The stock after opening at $32.94 hit high price of $36.59 and then closed at $34.55 by scoring -9.00%.

The liquidity measure in recent quarter results of the company was recorded 3.81 as current ratio and on the other side the debt to equity ratio was 0.32 and long-term debt to equity ratio remained at 0.31. The Company had total cash of $183.93 million at hand and a book value per share as $7.30 in the most recent quarter.

The stock’s price volatility was 8.57% for a week and 7.51% for a month as well as price volatility’s Average True Range for 14 days was 2.99 and its beta remained at 1.71.

DDD generated revenue of $321.92 million in the previous twelve months and earned $36.03 million. The Company showed a positive 11.19% in the net profit margin as well as in its operating margin which remained at 16.59%. Company’s annual sales growth for the past five years was 11.32%.

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