Sponsored By:

Scoop Up This Oversold 3D Printing Stock at a Discount

Sell-off in Stratasys appears overdone with the stock in a bull market

   

Stratasys (SSYS) — This maker of three-dimensional printers and 3D production systems for office-based rapid prototyping has only one competitor, 3-D Systems (DDD), which I covered on Aug. 27. Stratasys’ merger with Objet Geometries took out the other major player in this industry. And the merger, it is reasoned by analysts, created a worldwide leader in 3D printing.

While 3-D Systems has a slight edge in marketing, Stratasys has a greater geographic footprint, and both companies should prosper. SSYS is expected by analysts to earn $1.86 per share this year and $2.54 in 2014. The mean target is $112.

The stock was hammered Friday, falling over $5 because of a 4.5-million share offering of new stock at a 4.9% discount to Thursday’s closing price. However, SSYS is in a bull market with support at the current price. The selling appears to be overdone.

SSYS should be bought under $95 with a trading target of $110. The stock can also be held for long-term appreciation.

Read more about Stratasys on their website.

09 16 13 ssys 300x197 Scoop Up This Oversold 3D Printing Stock at a Discount
Click to Enlarge
 chart key 300x84 Scoop Up This Oversold 3D Printing Stock at a Discount

 


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/trade-of-the-day-stratasys-ssys/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.