3D Systems (NYSE:DDD) announced that it entered into a definitive agreement to acquire Robtec. Headquartered in Sao Paulo, Brazil, Robtec is the largest Latin-American additive manufacturing service bureau and the leading 3D printing and scanning products distributor in the region. Under the terms of the definitive agreement, 3DS will acquire 70% of the shares of Robtec at closing and the remainder of the shares on the 5th anniversary of the closing. The terms of the transaction have not been disclosed. The transaction provides 3DS with the strongest possible platform for its Quickparts fast-turn, custom manufacturing expansion plans in Latin America and multiplexes its in-region 3D printing and additive manufacturing reseller coverage. 3D Systems Corporation (NYSE:DDD) shares after opening at $48.50 moved to $49.00 on last trade day and at the end of the day closed at $48.79. Company price to sales ratio in past twelve months was calculated as 9.81 and price to cash ratio as 16.44. 3D Systems Corporation (NYSE:DDD) showed a negative weekly performance of -10.77%.
Armco Metals Holdings Inc (NYSE:AMCO), a distributor of imported metal ores and a steel recycler, Wednesday entered into a stock purchase agreement to acquire Draco Resources Inc, a California-based corporation engaged in the exploration and mining of iron ore and minerals. Armco Metals Holdings Inc (NYSE:AMCO) shares advanced 18.03% in last trading session and ended the day on $0.360. AMCO return on equity ratio is recorded as -7.40% and its return on assets is -3.60%. Armco Metals Holdings Inc (NYSE:AMCO) yearly performance is -7.50%.
Higher One Holdings (NYSE:ONE) was downgraded by Zacks to a “neutral” rating in a research note issued on Wednesday,ARN reports. They currently have a $6.30 price target on the stock. Zacks‘s price target would indicate a potential upside of 2.77% from the company’s current price. Higher One Holdings, Inc (NYSE:ONE) shares was closed at $6.03, while trading in range of $5.97-$6.19. Higher One Holdings, Inc (NYSE:ONE) year to date performance is -38.22%.
Cesca Therapeutics Inc. (Nasdaq:KOOL), an autologous cell- based regenerative medicine company, announced the restructuring of its sales, marketing and technical support organization and the appointment of Tim Lee as Director of International Sales. The restructuring is aimed at further strengthening its cord blood business and new point of care and clinical commercial programs by providing more dedicated resource leadership to each discipline. Cesca Therapeutics Inc (NASDAQ:KOOL) weekly performance is -13.94%. On last trading day company shares ended up $1.41. Cesca Therapeutics Inc (NASDAQ:KOOL) distance from 50-day simple moving average is -28.44%. Analysts mean target price for the company is $4.25.