ExOne (XONE) Sees Strong Trading Volume After Better-Than-Expected Earnings

ExOne Co (NASDAQ:XONE) saw strong trading volume on Thursday following a stronger than expected earnings report. 877,829 shares were traded during mid-day trading, an increase of 440% from the previous session’s volume of 162,653 shares.The stock last traded at $9.09 and had previously closed at $7.46.

The industrial products company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. ExOne had a negative return on equity of 30.11% and a negative net margin of 36.12%. The business had revenue of $16.59 million during the quarter, compared to analysts’ expectations of $22.20 million.

Several research analysts have recently commented on XONE shares. B. Riley reissued a “buy” rating on shares of ExOne in a research report on Friday. Zacks Investment Research raised ExOne from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, August 16th. Finally, ValuEngine raised ExOne from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.25.

In related news, Director Roger William Thiltgen purchased 10,000 shares of ExOne stock in a transaction dated Wednesday, August 15th. The stock was purchased at an average cost of $6.97 per share, with a total value of $69,700.00. Following the transaction, the director now owns 12,500 shares in the company, valued at approximately $87,125. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 31.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC acquired a new position in ExOne during the 2nd quarter valued at about $708,000. Paloma Partners Management Co acquired a new position in ExOne during the 2nd quarter valued at about $383,000. UBS Group AG increased its position in ExOne by 74.8% during the 1st quarter. UBS Group AG now owns 64,482 shares of the industrial products company’s stock valued at $470,000 after buying an additional 27,589 shares in the last quarter. ARK Investment Management LLC increased its position in ExOne by 4.8% during the 2nd quarter. ARK Investment Management LLC now owns 1,754,274 shares of the industrial products company’s stock valued at $12,420,000 after buying an additional 80,842 shares in the last quarter. Finally, Legal & General Group Plc increased its position in ExOne by 6,506.1% during the 1st quarter. Legal & General Group Plc now owns 157,952 shares of the industrial products company’s stock valued at $1,150,000 after buying an additional 155,561 shares in the last quarter. 25.73% of the stock is owned by hedge funds and other institutional investors.

The stock has a market cap of $120.87 million, a PE ratio of -7.55 and a beta of 3.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 0.83.

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ExOne Company Profile (NASDAQ:XONE)

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services primarily in North America, Europe, and Asia. The company provides various machines that enable designers and engineers to design and produce industrial prototypes and production parts.

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