The manufacturing sector has almost always been in focus among investors in one way or another and there are plenty of stocks that you could look into which are related to that sector. These companies are often involved in some of the core industries and hence, have the potential of delivering significant value to the shareholders on a consistent basis. However, at the same time, it is also important for investors to identify the right companies and then work towards finding out more about them.
One of the companies in the manufacturing sector that could be worth looking into at this point in time is 3DX Industries Inc (OTCMKTS:DDDX).
Trading Data
On Monday, DDDX stock fell 0.16% to $0.0608 with more than 1.8K shares, compared to a volume of 86K shares. The stock moved within a range of $0.0608 – 0.0609 after opening trade at $0.0609.
About The Company
3DX Industries is regarded as an advanced manufacturing firm that is involved in the additive metal manufacturing space in the industry.
The company has displayed the wherewithal to manufacture a wide range of products through its 3D metal printing system and 3D plastic printing. However, that is not all. 3DX Industries is also well known for having the capability of using other traditional methods of subtractive precision manufacturing. In addition to that traditional and additive manufacturing services, the company is also known for offering assembly services, product designing services, and engineering services to its clients.
3DX and Jessco Racing Targeting Land Speed Record at Bonneville Salt Flats
As a matter of fact, 3DX Industries was in the news yesterday after it announced that it was going to be in attendance at the Bonneville Speedweek event that is going to be held in Salt Flats in Wendover, Utah from August 10 through to August 16 this year. In this context, it is necessary to keep in mind that the event in question is well known for setting all sorts of speed-breaking records and those are generally at a wide range of racing events that are held there.
However, 3DX Industries is going to be involved in a totally different thing altogether at the prestigious event. For many years, the company has been involved in the manufacturing of motor racing parts and it is going to be the sponsor of Jessco Racing at this event. Jessco is going to enter the event with the aim of setting a new speed record at the partial Streamliner 300CC pushrod class.
Nicholas Coriano, who is the Vice President of the company, spoke about the situation as well. He noted that 3DX Industries has been involved in the manufacturing of custom racing parts for more than a decade now and noted that the company was privileged to have been made part of the ‘world class’ Jessco team.
Earlier on in the year on June 16, 3DX Industries had come into the news cycle after it made an announcement with regards to certain corporate developments. The company noted that the week before it had held an annual shareholders event in which it had showcased the progress that it had managed to make in the previous year. In addition to that, 3DX Industries also provided the shareholders with a guided tour of its manufacturing facility.
Technical Data
DDDX stock is trading above the 20-Day and 50-Day Moving averages of $0.0517 and $0.0516 respectively. However, the stock is trading below the 200-Day moving average of $0.1002. The company has a total market capitalization of $2.61 million. The stock is up 11% over the past 3 months.
