All rise jury
I didn't manage to get a market roundup online on Friday because I was up to my ears in fabulous features including interviews with the likes of 3DPRINTUK and Digits2Widgets. So here it is, a little late with a look at how our Big Three and Friends have commenced their week's trading and what's been going on that investors may have missed.
3D Systems' (NYSE:DDD) share price has enjoyed a month-long rally after it published its first quarter results at the end of April and since then, the onslaught of news coming from the busy bees in the 3DS press office has added fuel to the fire.
Today's (May 20th) trading opened with a 4.2 per cent rally, with 3D Systems' stock rising to $48.64 per unit - which is just $2 short of the $48.86 zenith the share price hit last week on news the company is launching Geomagic Solutions - an integrated design-to-manufacturing software package.
Solutions includes a voxel-based modeller that is 3D printer-ready and Vice-President and General Manager of 3D Systems Geomagic Solutions Calvin Hur said he was "thrilled to re-shape the engineers' desktop" with the new technology.
Indeed, the company stated that its results reached a new record for the 3D printer manufacturer, while it is still investing heavily in research and development.
The following day, Stratasys announced the immediate availability of the VeroDentPlus MED690 dental material for the Objet EdenV series of 3D printers, increasing its stake in the lucrative orthodontic market.
After a spike following its first quarter results, Stratasys shares cooled somewhat, but the firm opened this morning with a five per cent surge to $92.54 per unit, marking a fresh 52-week high for the stock.
The company revealed a strong rise in revenues for the January-March 2013 period, but posted an increased year-on-year loss. Still, this has not put off investors, who remain happy with the stock enjoying a 4.5 per cent rally at the start of the week's trading to $42.45 per unit.
ExOne revealed in its results teleconference that it is going to continue to try and reveal half a dozen new products in the next half of the year, while it is targeting Brazil and China for future growth - a bold investment move that could pay dividends.
Market roundup new kid on the block Renishaw (LSE:RSW) has not enjoyed the same surge as ExOne, Stratasys and 3D Systems, instead opening the week 0.3 per cent lower at $1,760 per unit.
The manufacturing giant - which specialises in additive manufacturing, but does not use 3D printing exclusively - enjoyed a steady rally last week after postng news it has acquired additive manufacturing pioneer LBC Laser Beaurbeitungs Center.
Finally, Arcam, the Swedish additive manufacturing company. This newest addition to the market roundup is subject to speculation at present as a number of investor news sites are hinting the company may be the next firm to be acquired by either 3D Systems or Stratasys. If this is the case, then it is unlikely we will hear until it has actually happened.
To start the week off, Arcam rose by eight per cent to $47.50 - spiking to a new 52-week high.