The ExOne (NASDAQ:XONE) Shares Gap Up to $28.63


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The ExOne Company (NASDAQ:XONE) gapped up prior to trading on Thursday . The stock had previously closed at $28.63, but opened at $29.49. The ExOne shares last traded at $28.72, with a volume of 526 shares changing hands.

A number of equities research analysts have recently weighed in on XONE shares. Alliance Global Partners boosted their target price on The ExOne from $29.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, March 12th. They noted that the move was a valuation call. B. Riley upped their price target on The ExOne from $10.50 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, February 9th. Oppenheimer reaffirmed a “market perform” rating on shares of The ExOne in a research report on Monday, March 22nd. Zacks Investment Research lowered The ExOne from a “hold” rating to a “sell” rating in a research report on Thursday, March 18th. Finally, Stifel Nicolaus initiated coverage on The ExOne in a research report on Tuesday, January 19th. They set a “buy” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The ExOne presently has an average rating of “Hold” and an average price target of $36.83.

The business has a fifty day simple moving average of $34.36 and a two-hundred day simple moving average of $20.82. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market cap of $635.07 million, a PE ratio of -32.53 and a beta of 2.39.

The ExOne (NASDAQ:XONE) last posted its earnings results on Wednesday, March 10th. The industrial products company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.04). The firm had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $17.24 million. The ExOne had a negative return on equity of 31.00% and a negative net margin of 27.37%. On average, research analysts predict that The ExOne Company will post -0.79 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in XONE. Steward Partners Investment Advisory LLC bought a new position in The ExOne in the 4th quarter valued at approximately $65,000. American International Group Inc. lifted its position in The ExOne by 10.3% in the 4th quarter. American International Group Inc. now owns 7,616 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 711 shares in the last quarter. JPMorgan Chase & Co. lifted its position in The ExOne by 92.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,267 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 3,488 shares in the last quarter. Jane Street Group LLC bought a new position in The ExOne in the 4th quarter valued at approximately $104,000. Finally, Squarepoint Ops LLC bought a new position in shares of The ExOne during the 4th quarter valued at $117,000. 55.22% of the stock is currently owned by institutional investors and hedge funds.

About The ExOne (NASDAQ:XONE)

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers in the United States, Germany, and Japan. 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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