3D Systems slides on starting $40 mln stock offering
BUZZ-3D Systems slides on starting $40 mln stock offering ** 3D printer maker 3D Systems' DDD.N shares down 12.7% to $3.15 in extended trading as it seeks equity raise
** Rock Hill, South Carolina-based firm commences $40 mln stock offering
** Needham and Craig-Hallum joint bookrunners
** With ~146.9 mln shares outstanding, DDD has about $530 mln market cap
** DDD shares finished down 7% at $3.61 on Weds. Stock has surged 92% this quarter
** 1 analyst rates the stock "buy", the other 3 rate "hold"; median PT $4, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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