Desktop Metal (NYSE:DM) Upgraded at StockNews.com

StockNews.com upgraded shares of Desktop Metal (NYSE:DM) from a sell rating to a hold rating in a research report released on Thursday morning.

Desktop Metal Stock Performance

Desktop Metal stock opened at $3.73 on Thursday. The firm has a fifty day moving average of $4.50 and a 200-day moving average of $4.56. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.34 and a quick ratio of 1.02. Desktop Metal has a 52-week low of $3.62 and a 52-week high of $11.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Desktop Metal during the 2nd quarter worth about $25,000. Point72 DIFC Ltd acquired a new stake in shares of Desktop Metal in the 2nd quarter valued at $68,000. Cubist Systematic Strategies LLC bought a new stake in Desktop Metal during the 2nd quarter worth approximately $150,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Desktop Metal in the second quarter valued at about $208,000. Finally, XTX Topco Ltd bought a new stake in Desktop Metal during the 3rd quarter worth about $214,000. Institutional investors own 56.31% of the company’s stock.

About Desktop Metal

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.