ExOne (XONE) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of ExOne (NASDAQ:XONE) from a hold rating to a sell rating in a research note released on Wednesday.

A number of other research firms have also weighed in on XONE. Zacks Investment Research lowered shares of ExOne from a buy rating to a hold rating in a report on Wednesday, October 17th. B. Riley reissued a buy rating on shares of ExOne in a report on Friday, November 9th. Finally, Canaccord Genuity reduced their target price on shares of ExOne from $12.00 to $11.00 and set a buy rating on the stock in a report on Tuesday, November 13th.

Shares of ExOne stock opened at $8.38 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.77. ExOne has a 1 year low of $6.16 and a 1 year high of $12.50.

ExOne (NASDAQ:XONE) last posted its earnings results on Thursday, November 8th. The industrial products company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. ExOne had a negative net margin of 28.06% and a negative return on equity of 25.07%. The firm had revenue of $16.59 million for the quarter, compared to analyst estimates of $22.20 million. On average, analysts expect that ExOne will post -0.86 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in ExOne by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 447,933 shares of the industrial products company’s stock worth $4,246,000 after acquiring an additional 6,700 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in ExOne during the 3rd quarter worth approximately $114,000. Royal Bank of Canada grew its holdings in ExOne by 78.6% during the 1st quarter. Royal Bank of Canada now owns 38,930 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 17,131 shares during the last quarter. Granite Investment Partners LLC grew its holdings in ExOne by 55.2% during the 3rd quarter. Granite Investment Partners LLC now owns 64,669 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 23,000 shares during the last quarter. Finally, UBS Group AG grew its holdings in ExOne by 74.8% during the 1st quarter. UBS Group AG now owns 64,482 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 27,589 shares during the last quarter. 27.42% of the stock is currently owned by hedge funds and other institutional investors.

About ExOne

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.

Recommended Story: Capital Gains

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ExOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExOne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply