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Materialise (NASDAQ:MTLS) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Materialise logo with Computer and Technology background

Materialise NV (NASDAQ:MTLS - Get Free Report)'s stock price 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 trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Materialise from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Check Out Our Latest Research Report on Materialise

Materialise Stock Down 1.7%

The business has a fifty day moving average of $4.95 and a 200 day moving average of $6.43. The company has a market capitalization of $316.62 million, a PE ratio of 21.44 and a beta of 1.63. The company has a current ratio of 1.81, a quick ratio of 1.65 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) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). Materialise had a net margin of 5.04% and a return on equity of 5.47%. The firm had revenue of $71.79 million for the quarter, compared to analysts' expectations of $67.00 million. Equities research analysts anticipate that Materialise NV will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Materialise

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Materialise in the 1st quarter valued at about $75,000. Roubaix Capital LLC acquired a new stake in Materialise in the 1st quarter valued at about $1,938,000. King Luther Capital Management Corp raised its position in Materialise by 169.4% in the 1st quarter. King Luther Capital Management Corp now owns 485,000 shares of the software maker's stock valued at $2,386,000 after purchasing an additional 305,000 shares in the last quarter. AMH Equity Ltd acquired a new stake in Materialise in the 1st quarter valued at about $541,000. Finally, Rock Point Advisors LLC raised its position in Materialise by 28.0% in the 1st quarter. Rock Point Advisors LLC now owns 898,150 shares of the software maker's stock valued at $4,419,000 after purchasing an additional 196,555 shares in the last quarter. Institutional investors and hedge funds 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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