In late-morning trading Monday, 3D Systems Corp. (DDD Quick QuoteDDD - Free Report) and Stratasys Ltd. (SSYS Quick QuoteSSYS - Free Report) were both down by 9.2% and 10.5% respectively. The main catalyst for the drop is the stocks’ downgrade by analysts at Piper Jaffray, an investment bank and asset management firm.

DDD was downgraded from neutral to underweight, while SSYS was downgraded from overweight to neutral. The main reason for the downgrade is HP Inc.’s (HPQ Quick QuoteHPQ - Free Report) increased 3D printing capabilities.

HP announced its plans to sell two 3D printers for business customers exclusively in mid-May. Although its core sales have declined in recent years, the company has hedged its bets in its 3D printing division, and appears to be on the right track. HP’s lower end 3200 model sells for $132,000, or $155,000 with extra software, while their 4200 model can go for over $200,000.

3D Systems also announced on Monday that their partnership with Mystic Aquarium, ACT Group and middle school students resulted in the creation of a custom-fit boot to increase the mobility of a disabled African penguin.

Within the 3D printing industry, DDD and SSYD are names that are often named in tandem. Headquartered in both Minnesota and Israel, SSYS specializes in 3D printing and additive manufacturing solutions. DDD is based in Delaware and has subsidiaries in the Americas, Asia Pacific, Europe, and the Middle East.

3D Systems Corp. currently sits at a Zacks Rank #3 (Hold), while Stratasys Ltd. sits at a Zacks Rank #1 (Strong Buy). Both ranks could be subject to change in the near future due to potential earnings estimate revisions.

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