Has 3D Systems Bottomed?
Summary
3D Systems' Q1 report sparked a massive sell-off, although the results were in line or better than expected.
Gross margin has declined because of an adverse product mix and a heavy focus on new product launches, which is a short-term negative and a long-term positive.
Strengths in many areas of the business and accelerating materials and services revenue point to a brighter future and a higher share price.
Downside should be limited, and the stock might have bottomed on the day of the earnings release.