3D Systems Corporation (NYSE: DDD)
3D Systems Corporation (DDD), a 3D printing company yesterday reported their fourth quarter and full year 2015 financial results. 3D Systems reported earnings of $0.19 per share which beat analyst expectations of $0.03 per share. 3D Systems reported revenues of $184.3 million which beat analyst expectations of $167.52 million.
3D Systems Corporation CEO’s Comments
“While market conditions remain challenging and uncertain, timing of healthcare and industrial customer orders as well as contributions from acquisitions supported revenue during the quarter,” commented Andrew Johnson, Interim President & Chief Executive Officer and Chief Legal Officer, 3D Systems. “We believe that by leveraging our domain expertise, partner and customer relationships and advanced technology we are well positioned to capitalize on meaningful opportunities in key verticals,” continued Johnson. “We are continuing an extensive and comprehensive review of our business and strategy and taking steps to better prioritize our resources and focus our investments.” Globe Newswire
DDD Technical Analysis
DDD gapped up in price yesterday to $13.26, up from the prior day’s close of $11.55, which is a 15% increase in price.Taking a look at the daily chart we can see that the last time DDD traded above this price level was on October 12th when it traded at $13.31. Taking a closer look at the daily chart we can see that DDD has been on a recent upswing dating back to January 20th when it traded at its 52 week lows of $6.00. DDD has a float of 105.83 million shares and is trading 4.5 times the normal daily trading volume. DDD did open at pre market highs of $13.47, but gave back $0.21 at the open, or equivalent to 2%. For trading purposes, my entry point would have been $13.35 looking for a run to $15. My stop loss would have been $13.10, fearing anything below that and the stock would start to fill in the gap up.
Company Profile
3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, as well as other European, the Middle East, and African countries. The companys 3D printers transform data input from the format generated by 3D design software, CAD software, or 3D scanning and sculpting devices to printed parts using integrated, engineered plastic, metal, nylon, rubber, wax, and composite print materials. It offers stereolithography, selective laser sintering, direct metal, multi-jet, color jet, and film transfer imaging printers, as well as plastic jet printing 3D printers. The company also blends, packages, and sells proprietary, consumable, engineered plastic, nylon, metal, and composite materials for use in printers under the Accura, DuraForm, CastForm, LaserForm, and VisiJet brand names. In addition, it provides software packages and design tools for reverse engineering, inspection, and haptic design packages; CAD and CAM software packages designed for the manufacturing industry; and 3D scanners and perceptual devices. Further, the company offers pre-sale and post-sale services comprising applications development and custom engineered production solutions; and installation, warranty, and maintenance services, as well as proprietary software printer drivers. It primarily serves manufacturers of automotive, aerospace, computer, electronic, defense, education, consumer, energy, and healthcare products, as well as original equipment manufacturers, government agencies, universities and other educational institutions, independent service bureaus, and individual consumers. The company sells its products and services through its direct sales force, sales agents, resellers, and distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina. Yahoo Finance
