ExOne (NASDAQ:XONE) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of ExOne (NASDAQ:XONE) from a hold rating to a sell rating in a research note released on Saturday morning, Zacks.com reports.

According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “

XONE has been the subject of several other research reports. B. Riley set a $12.00 price objective on ExOne and gave the company a buy rating in a report on Friday, September 13th. Canaccord Genuity cut their price objective on ExOne from $12.00 to $10.50 and set a buy rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $10.58.

NASDAQ:XONE opened at $6.88 on Friday. ExOne has a twelve month low of $5.73 and a twelve month high of $11.73. The company has a quick ratio of 0.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $8.10. The company has a market cap of $114.54 million, a P/E ratio of -8.82 and a beta of 3.44.

ExOne (NASDAQ:XONE) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). ExOne had a negative return on equity of 11.03% and a negative net margin of 9.78%. The firm had revenue of $15.28 million for the quarter, compared to analyst estimates of $15.50 million. As a group, analysts anticipate that ExOne will post -0.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XONE. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in ExOne in the 2nd quarter valued at $145,000. ARK Investment Management LLC raised its stake in ExOne by 6.1% in the 2nd quarter. ARK Investment Management LLC now owns 2,304,554 shares of the industrial products company’s stock valued at $21,478,000 after acquiring an additional 133,363 shares during the period. Renaissance Technologies LLC raised its stake in ExOne by 39.8% in the 2nd quarter. Renaissance Technologies LLC now owns 55,981 shares of the industrial products company’s stock valued at $522,000 after acquiring an additional 15,947 shares during the period. Nikko Asset Management Americas Inc. raised its stake in ExOne by 32,447.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 708,874 shares of the industrial products company’s stock valued at $6,607,000 after acquiring an additional 706,696 shares during the period. Finally, SG Americas Securities LLC bought a new stake in ExOne in the 2nd quarter valued at $236,000. 31.13% of the stock is owned by institutional investors.

About ExOne

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers.

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