Stratasys Falls 30%, 3D Sector Follows Suit

Stratasys, Inc. SSYS has lowered its guidance and the Street isn't happy. The stock is down about 31.6 percent on Tuesday, recently priced at $55.16.

Stratasys’ plunge has dragged down several other 3D printing stocks:

3D Systems Corporation DDD has lost more than 8 percent and recently traded at $27.64.

ExOne Co XONE is down 5.7 percent at $13.70.

Voxeljet AG VJET has lost more than 6 percent to $7.90.

Finally, Materialise NV MTLS dropped 3.6 percent to $8.30 on Tuesday.

Related Link: Why Stratasys Is Getting Destroyed

Several analysts have weighed in on Stratasys’ poor guidance. Brean Capital downgraded the stock on Tuesday morning, but issued no price target. Baruah expressed concern regarding the $100 million to $110 million write-down for MakerBot, which may suggest that the acquisition will be a “headwind for the foreseeable future.”

Canaccord also seemed somewhat bearish, as it trimmed its price target on Stratasys from $120 to $100. However, the firm still maintains a Buy rating on the stock.