Desktop Metal (NYSE:DM) Earns Hold Rating from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of Desktop Metal (NYSE:DM – Free Report) in a research note released on Monday. The brokerage issued a hold rating on the pipeline company’s stock.

Desktop Metal Stock Performance

DM opened at $4.96 on Monday. The business has a fifty day simple moving average of $4.07 and a 200-day simple moving average of $3.58. The firm has a market cap of $165.37 million, a PE ratio of -0.44 and a beta of 0.17. The company has a quick ratio of 1.02, a current ratio of 2.34 and a debt-to-equity ratio of 1.56. Desktop Metal has a fifty-two week low of $1.84 and a fifty-two week high of $8.45.

Institutional Trading of Desktop Metal

A number of hedge funds have recently bought and sold shares of DM. Virtu Financial LLC purchased a new position in Desktop Metal during the 4th quarter worth approximately $90,000. Olympiad Research LP boosted its position in Desktop Metal by 99.6% during the 4th quarter. Olympiad Research LP now owns 203,252 shares of the pipeline company’s stock worth $476,000 after acquiring an additional 101,419 shares during the period. Marshall Wace LLP purchased a new stake in shares of Desktop Metal in the fourth quarter worth approximately $256,000. Gabelli Funds LLC boosted its holdings in shares of Desktop Metal by 19.5% during the fourth quarter. Gabelli Funds LLC now owns 432,706 shares of the pipeline company’s stock worth $1,013,000 after purchasing an additional 70,758 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Desktop Metal by 2.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 387,865 shares of the pipeline company’s stock valued at $908,000 after buying an additional 8,665 shares during the period. 56.31% of the stock is owned by hedge funds and other institutional investors.

About Desktop Metal

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Desktop Metal, Inc manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing.

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