Materialise NV (NASDAQ:MTLS - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.93 and traded as high as $5.12. Materialise shares last traded at $5.07, with a volume of 146,177 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Materialise from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.
View Our Latest Report on Materialise
Materialise Stock Down 1.2%
The firm has a market cap of $317.91 million, a P/E ratio of 21.50 and a beta of 1.63. The business has a fifty day moving average of $4.94 and a 200 day moving average of $6.44. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.
Materialise (NASDAQ:MTLS - Get Free Report) last announced its earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). Materialise had a return on equity of 5.47% and a net margin of 5.04%. The company had revenue of $71.79 million during the quarter, compared to analyst estimates of $67.00 million. On average, equities research analysts predict that Materialise NV will post 0.3 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Materialise by 1,589.4% in the third quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker's stock valued at $226,000 after acquiring an additional 38,797 shares during the last quarter. KBC Group NV lifted its stake in shares of Materialise by 18.8% in the fourth quarter. KBC Group NV now owns 408,584 shares of the software maker's stock worth $2,876,000 after acquiring an additional 64,744 shares during the period. Truist Financial Corp acquired a new position in Materialise in the fourth quarter valued at approximately $79,000. LPL Financial LLC lifted its stake in Materialise by 9.3% in the fourth quarter. LPL Financial LLC now owns 32,393 shares of the software maker's stock valued at $228,000 after buying an additional 2,750 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Materialise by 93.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker's stock valued at $2,454,000 after acquiring an additional 168,850 shares in the last quarter. Institutional investors own 19.30% of the company's stock.
Materialise Company Profile
(
Get Free Report)
Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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