NASDAQ:SSYS - Get Free Report ) shares reached a new 52-week low on Wednesday . The stock traded as low as $9.31 and last traded at $9.36, with a volume of 102101 shares changing hands. The stock had previously closed at $9.64.
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Analyst Ratings Changes Several brokerages have commented on SSYS. StockNews.com initiated coverage on shares of Stratasys in a research report on Sunday. They issued a "buy" rating on the stock. Cantor Fitzgerald began coverage on Stratasys in a research note on Tuesday, February 13th. They issued an "overweight" rating and a $24.00 price objective on the stock.
View Our Latest Analysis on Stratasys
Stratasys Stock Performance The firm has a market capitalization of $642.92 million, a P/E ratio of -5.16 and a beta of 1.33. The stock has a 50 day moving average of $10.94 and a 200-day moving average of $11.90.
Stratasys (NASDAQ:SSYS - Get Free Report ) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Stratasys had a negative net margin of 19.61% and a negative return on equity of 2.28%. The company had revenue of $156.34 million for the quarter, compared to analyst estimates of $153.96 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Stratasys Ltd. will post -0.29 EPS for the current year.
Hedge Funds Weigh In On Stratasys Several hedge funds have recently made changes to their positions in SSYS. RIA Advisory Group LLC bought a new position in Stratasys in the 4th quarter worth about $33,000. Larson Financial Group LLC increased its holdings in Stratasys by 2,711.2% during the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company's stock worth $111,000 after acquiring an additional 9,218 shares during the period. Quantbot Technologies LP purchased a new stake in Stratasys in the 3rd quarter worth approximately $158,000. Formidable Asset Management LLC boosted its holdings in Stratasys by 14.7% in the 3rd quarter. Formidable Asset Management LLC now owns 17,547 shares of the technology company's stock valued at $239,000 after purchasing an additional 2,250 shares during the period. Finally, Values First Advisors Inc. grew its position in shares of Stratasys by 11.5% during the 3rd quarter. Values First Advisors Inc. now owns 18,824 shares of the technology company's stock valued at $256,000 after purchasing an additional 1,936 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
Stratasys Company Profile (
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Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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