Shares of The ExOne Company (NASDAQ:XONE) dropped 14.2% during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $8.35 and last traded at $8.48, with a volume of 693,164 shares trading hands. The stock had previously closed at $9.88.

The industrial products company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.24. The ExOne had a negative net margin of 31.67% and a negative return on equity of 17.71%. The business had revenue of $10.80 million for the quarter, compared to the consensus estimate of $14.75 million. During the same period in the prior year, the business posted ($0.18) EPS. The ExOne’s revenue for the quarter was down 8.5% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of The ExOne from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of The ExOne from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, FBR & Co reiterated an “outperform” rating and set a $18.00 price target on shares of The ExOne in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.33.

Several large investors have recently bought and sold shares of the stock. Banque Pictet & Cie SA purchased a new stake in The ExOne during the second quarter worth approximately $229,000. SG Americas Securities LLC purchased a new stake in The ExOne during the second quarter worth approximately $224,000. Essex Investment Management Co. LLC boosted its stake in The ExOne by 83.9% in the second quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock worth $1,711,000 after buying an additional 68,187 shares during the last quarter. Waldron LP purchased a new stake in The ExOne during the first quarter worth approximately $47,721,000. Finally, KCG Holdings Inc. purchased a new stake in The ExOne during the first quarter worth approximately $181,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

The company’s 50 day moving average price is $11.44 and its 200-day moving average price is $11.06. The stock’s market cap is $136.88 million.

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About The ExOne

The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.

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