Rock Hill, S.C.-based 3D Systems (NYSE: DDD ) is golden -- and not just because its stock price has doubled over the past year.
On Friday, the manufacturer of three-dimensional "printers" -- machines for creating rapid prototypes of physical objects by applying layers of composite material until the object has been built -- announced that it's partnering with Turkish "jewelry solutions" company Al-mera in Istanbul. Al-mera plans to resell 3D ProJet 3510 CPX and CPXPlus 3D printers to jewelers, who will in turn use them to create jewelry casts with "superior surface quality, extreme fine detail, and exceptional precision."
Financial details of the partnership were not disclosed, nor was the volume of printers 3D expects to sell through Al-mera. Regardless, the picture 3D "printed" of a "rapidly growing jewelry marketplace" in Turkey was enough to drive 3D shares up 3.1% in Friday trading, to close at $31.53.
More Expert Advice from The Motley Fool 3D Systems is at the leading edge of a disruptive technological revolution, with the broadest portfolio of 3-D printers in the industry. However, despite years of earnings growth, 3D Systems' share price has risen even faster, and today the company sports a dizzying valuation. To help investors decide whether the future of additive manufacturing is bright enough to justify the lofty price tag on the company's shares, The Motley Fool has compiled a premium research report on whether 3D Systems is a buy right now. In our report, we take a close look at 3D Systems' opportunities, risks, and critical factors for growth. You'll also find reasons to buy or sell, and receive a full year of analyst updates with the report. To start reading, simply click here now for instant access.
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