ExOne (NASDAQ:XONE) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ExOne (NASDAQ:XONE) from a buy rating to a hold rating in a research report report published on Saturday morning, Zacks.com reports. The firm currently has $9.25 price objective on the industrial products company’s stock.

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. “

Shares of XONE stock opened at $8.20 on Friday. The stock has a market capitalization of $135.74 million, a P/E ratio of -10.51 and a beta of 3.50. The company has a fifty day moving average price of $8.07. The company has a quick ratio of 1.04, a current ratio of 2.24 and a debt-to-equity ratio of 0.02. ExOne has a twelve month low of $5.73 and a twelve month high of $11.73.

ExOne (NASDAQ:XONE) last announced its earnings results on Thursday, May 9th. The industrial products company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.05. The business had revenue of $9.58 million during the quarter, compared to the consensus estimate of $10.90 million. ExOne had a negative net margin of 17.29% and a negative return on equity of 17.85%. As a group, research analysts forecast that ExOne will post -0.23 EPS for the current fiscal year.

In other news, Director Roger William Thiltgen bought 10,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $8.10 per share, for a total transaction of $81,000.00. Following the completion of the purchase, the director now owns 17,600 shares of the company’s stock, valued at $142,560. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 32.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osborn Williams & Donohoe LLC acquired a new stake in ExOne in the first quarter valued at $34,000. Jane Street Group LLC acquired a new stake in ExOne in the fourth quarter valued at $68,000. DekaBank Deutsche Girozentrale acquired a new stake in ExOne in the first quarter valued at $114,000. Bank of Montreal Can raised its holdings in ExOne by 4,072.2% in the first quarter. Bank of Montreal Can now owns 15,020 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 14,660 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in ExOne in the second quarter valued at $145,000. 30.36% of the stock is currently owned by hedge funds and other institutional investors.

ExOne Company Profile

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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