StockNews.com Begins Coverage on Desktop Metal (NYSE:DM)

by · The Markets Daily

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

Desktop Metal Trading Up 1.0 %

Shares of NYSE:DM opened at $4.96 on Monday. The company has a current ratio of 2.34, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $165.37 million, a PE ratio of -0.44 and a beta of 0.17. Desktop Metal has a 1 year low of $1.84 and a 1 year high of $8.45. The firm has a fifty day moving average price of $4.07 and a 200 day moving average price of $3.58.

Institutional Investors Weigh In On Desktop Metal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Syquant Capital Sas bought a new position in shares of Desktop Metal in the first quarter valued at approximately $103,000. Toronto Dominion Bank acquired a new position in Desktop Metal during the 4th quarter worth $293,000. Squarepoint Ops LLC acquired a new position in Desktop Metal during the 4th quarter worth $41,000. OMERS ADMINISTRATION Corp boosted its holdings in Desktop Metal by 247.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 284,068 shares of the pipeline company’s stock valued at $665,000 after acquiring an additional 202,368 shares during the period. Finally, LMR Partners LLP acquired a new stake in shares of Desktop Metal in the fourth quarter valued at about $585,000. 56.31% of the stock is currently owned by institutional investors and hedge funds.

Desktop Metal Company Profile

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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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