Stratasys Ltd. (NASDAQ:SSYS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.12 and last traded at $9.16, with a volume of 19714 shares changing hands. The stock had previously closed at $9.26.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on SSYS shares. StockNews.com started coverage on Stratasys in a report on Tuesday. They issued a "buy" rating on the stock. Cantor Fitzgerald initiated coverage on Stratasys in a research report on Tuesday, February 13th. They issued an "overweight" rating and a $24.00 price objective for the company.
Read Our Latest Stock Report on SSYS
Stratasys Trading Down 1.6 %
The stock has a market cap of $634.60 million, a price-to-earnings ratio of -5.09 and a beta of 1.33. The stock has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $11.83.
Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The firm had revenue of $156.34 million during the quarter, compared to analysts' expectations of $153.96 million. During the same quarter last year, the firm earned ($0.03) EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. Research analysts predict that Stratasys Ltd. will post -0.29 earnings per share for the current fiscal year.
Institutional Trading of Stratasys
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new stake in Stratasys during the 4th quarter worth about $33,000. Crewe Advisors LLC acquired a new position in shares of Stratasys in the 1st quarter valued at about $61,000. Larson Financial Group LLC lifted its holdings in shares of Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company's stock valued at $111,000 after buying an additional 9,218 shares during the period. Quantbot Technologies LP acquired a new position in shares of Stratasys in the 3rd quarter valued at about $158,000. Finally, Formidable Asset Management LLC lifted its holdings in shares of 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 buying an additional 2,250 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.
About Stratasys
(
Get Free Report)
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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