Shares of Materialise NV (NASDAQ:MTLS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.39 and traded as high as $5.45. Materialise shares last traded at $5.28, with a volume of 79,014 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Materialise from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 22nd.
Check Out Our Latest Stock Analysis on MTLS
Materialise Stock Up 1.1 %
The company has a current ratio of 1.97, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $315.43 million, a price-to-earnings ratio of 44.50 and a beta of 1.27. The stock has a fifty day moving average of $5.39 and a 200-day moving average of $5.74.
Materialise (NASDAQ:MTLS - Get Free Report) last issued its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 4.62% and a net margin of 2.59%. The company had revenue of $72.15 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. Goldman Sachs Group Inc. acquired a new position in shares of Materialise during the 4th quarter worth about $183,000. Quintet Private Bank Europe S.A. boosted its holdings in Materialise by 31.2% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 48,708 shares of the software maker's stock worth $320,000 after purchasing an additional 11,573 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Materialise during the 4th quarter worth approximately $70,000. Barclays PLC raised its stake in Materialise by 305.2% in the fourth quarter. Barclays PLC now owns 3,833 shares of the software maker's stock valued at $26,000 after buying an additional 2,887 shares during the period. Finally, Creative Planning bought a new position in Materialise during the fourth quarter worth $113,000. 19.30% of the stock is owned by institutional investors.
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.
Further Reading
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