Shares of 3D printing stocks received a boost Tuesday after Credit Suisse initiated coverage on 3D Systems, ExOne and Stratasys. Credit Suisse believes revenue growth for the 3D printer market could be in the 20 percent to 30 percent range, compared to the consensus of 20 percent annual growth. Additionally, S&P Capital IQ initiated coverage on 3D Systems and Stratasys with "buy" ratings. "We think the 3D printer industry represents one of the highest growth arenas in the technology space and, as a result, see greater adoption for 3D System's product offerings in the years to come." stated S&P Capital in a recent report.
3D Systems Corporation (NYSE: DDD) shares traded in the range of $50.74 to $53.68 Tuesday before settling to close at $53.51, an increase of 6.89 percent. The stock appears to be facing some resistance at the $53.86 and $54.64 levels with some support at $49.92. Shares of 3D Systems have gained approximately 50.0 percent in 2013.
More information on 3D Systems and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DDD
Proto Labs Inc. (NYSE: PRLB) shares traded in the range of $74.39 to $76.00 Tuesday before settling to close at $75.56, an increase of 1.08 percent. The stock appears to be facing some resistance at the $73.03 and $75.01 levels with some support at $71.79. Shares of Proto Labs have gained approximately 92.0 percent in 2013.
More information on Proto Labs and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PRLB
Stratasys, Ltd. (NASDAQ: SSYS) shares traded in the range of $93.60 to $96.84 Tuesday before settling to close at $96.82, an increase of 3.61 percent. The stock appears to be facing some resistance at the $92.69 and $95.17 levels with some support at $86.81. Shares of Stratasys have gained approximately 20.0 percent in 2013.
More information on Stratasys and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SSYS
ExOne Co. (NASDAQ: XONE) shares traded in the range of $49.00 to $52.94 Tuesday before settling to close at $49.43, a decrease of 2.70 percent. The stock appears to be facing some resistance at the $51.97 and $55.61 levels with some support at $48.60. Shares of ExOne have gained approximately 86.0 percent in 2013.
More information on ExOne and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XONE
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