The ExOne Company (NASDAQ:XONE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
A number of other analysts have also recently issued reports on XONE. Canaccord Genuity raised their target price on shares of The ExOne from $9.50 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 11th. FBR & Co reiterated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of The ExOne in a research note on Monday, August 14th. Finally, ValuEngine cut shares of The ExOne from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.25.
The ExOne (XONE) opened at 10.06 on Thursday. The stock’s 50 day moving average is $9.78 and its 200-day moving average is $10.81. The firm’s market cap is $162.26 million. The ExOne has a 12 month low of $6.72 and a 12 month high of $14.84.
The ExOne (NASDAQ:XONE) last posted its earnings results on Wednesday, August 9th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The company had revenue of $10.80 million for the quarter, compared to analyst estimates of $14.75 million. The ExOne had a negative return on equity of 22.66% and a negative net margin of 39.31%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) EPS. On average, analysts anticipate that The ExOne will post ($1.11) earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in The ExOne by 111.6% in the 2nd quarter. Royal Bank of Canada now owns 12,856 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 6,779 shares in the last quarter. Symmetry Peak Management LLC acquired a new stake in The ExOne in the 2nd quarter worth about $115,000. State Street Corp raised its stake in The ExOne by 6.4% in the 2nd quarter. State Street Corp now owns 185,750 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 11,246 shares in the last quarter. Wells Fargo & Company MN raised its stake in The ExOne by 329.5% in the 1st quarter. Wells Fargo & Company MN now owns 16,864 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 12,938 shares in the last quarter. Finally, UBS Group AG raised its stake in The ExOne by 22.5% in the 1st quarter. UBS Group AG now owns 74,999 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 13,775 shares in the last quarter. Institutional investors and hedge funds own 25.33% of the company’s stock.
About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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