3D Systems Having Huge Day After Launch Of New Direct Metal Printer; Scheduled CES Appearance
Investors are watching 3D Systems Corporation (NYSE: DDD), as shares are up double-digit percentage points on the first day of 2016. In a press release issued before the market's open, the company revealed it has launched its new direct metal printer ProX DMP 320.
3D Systems also said more details will be given on the device -- and its products -- this week at CES 2016 in Las Vegas.
The move in 3D Systems comes after a 0.11 percent loss to close last week; shares still remain a fraction of their 52-week high near $34 per share.
What Is The Pro X DMP 320?
The high precision and direct metal printer is the company's latest addition to its line of direct metal 3D printers. The ProX DMP 320 is a high precision, high throughput direct metal printing device which is optimized for applications that require complex, stainless steel or nickel super alloy parts that are chemically-pure titanium, according to the press release.
The company will display the device between January 6 and 9 at CES. It will also present at the annual Needham Growth Conference next Tuesday.
Last week, analysts at Needham said 3D Systems faces a "long road to recovery," TheStreet reports.
Of note Stratasys, Ltd. (NASDAQ: SSYS) is up more than 3 percent in response to the price action.
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