Advanced additive manufacturing company 3DX Industries (OTCMKTS:DDDX) primarily specialises in 3D Metal Printing and in recent days, the company’s stock has managed to record considerable gains.
Market Action:
On Wednesday, DDDX stock jumped 16.73% at $0.3146 with more than 1.76 million shares, compared to its average volume of 363.76K shares. The stock has moved within a range of $0.2700 – 0.3320 after opening the trade at $0.2722.
Major Driver
After a key announcement from the company yesterday, the stock soared by as much as 17% and that took its cumulative gains for the past week to a staggering 80%. In this situation, it might be a good idea for investors to take a look at the announcement made by 3DX Industries on Wednesday. The company announced that it had been successful in completing the acquisition of the Blaine, Washington based firm Specialty Metal Works LLC.
In this context, it could be a good idea to take a closer look at the company that 3DX Industries acquired. Specialty Metal Works is involved in Fabrication Jobs and Production CNC. It is a specialist in castings, concrete processing equipment, food processing equipment, heat exchangers and marine components among others.
William Fleischer, who is the Chief Executive Officer of 3X Industries, stated that the acquisition is going to help the company in further expanding its capabilities considerably. This morning investors could do well to keep the stock in their watch lists.
