Penny Stocks To Buy [or sell]: voxeljet AG
Next, voxeljet AG (VJET) saw some mid-day momentum on Monday. Shares of the 3D printing company jumped from around $0.77 in the morning to highs of $1.12 before closing around $1.10 on the 30th. Similar to Taronis, voxeljet had not reported any news. But, there weren’t any new disclosures filed either.
VJET stock saw its highest trading volume day in over a year on March 30th. So, one might assume that some type of catalyst could be the reason behind this jump. But something else could be at work here, which might be more speculative in nature. voxeljet provides high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers.
Applications include the medical, automotive and aviation industries, but decorative objects in the B2C sector. So it could be a play on the coronavirus in my opinion. Since last week, 3D printing companies have gotten attention from traders. The main source of this stems from 3D printers being used to pump out new medical devices. Specifically, these are ones that are in need right now due to coronavirus. voxeljet hasn’t announced any COVID-19 related information. But it could have received attention based on the overall market sentiment right now. Will this continue into the rest of March?
