3D Systems (NYSE:DDD) has unveiled a new wax 3D printer, the MJP 300W Plus, specifically targeting the jewelry manufacturing sector. This introduction, designed to enhance efficiency and reduce costs for precious metal casting, saw the company’s shares experience an initial surge in morning trading. The new device promises a more than 30% increase in printing speed and a 50% reduction in support material usage, key improvements aimed at streamlining production workflows for jewelers. Ordering began following the announcement.
While the stock saw an early uptick, it later settled to a marginal gain of 1.2% from its previous close, trading at $2.91 per share. This market reaction suggests that while the new product is viewed positively, it has not fundamentally altered the broader perception of the company’s business trajectory. The company’s stock has demonstrated significant volatility, with numerous large price swings over the past year.
This recent development follows closely on the heels of another notable announcement two days prior, where 3D Systems’ stock declined by 1.9% due to a significant shift in its software strategy. The company revealed its intention to divest its Oqton® Manufacturing Operating System and 3DXpert® metal printing software to Hubb Global Holdings, with the transaction anticipated to conclude in the fourth quarter of 2025. This strategic divestiture is part of a broader plan to re-focus development efforts on its proprietary polymer solution, 3D Sprint®.
Management has positioned this move as a catalyst for accelerating the adoption of metal 3D printing across industries. However, the market’s initial response, evidenced by the stock’s dip, indicated investor apprehension regarding this strategic reorientation and its implications for future growth. Year-to-date, 3D Systems’ stock performance has been negative, down 9.2%, and currently trades 38.5% below its 52-week high. Over a five-year period, an investment of $1,000 in the company’s shares would now be valued at approximately $596.51.
Emily Carter has over eight years of experience covering global business trends. She specializes in technology startups, market innovations, and corporate strategy, turning complex developments into clear, actionable stories for our readers.