Materialise (NASDAQ:MTLS) Share Price Breaks Above Fifty Day Moving Average - Should You Sell?

Key Points

• Materialise shares moved above their 50-day moving average, reaching $8.20 and last trading at $8.12, compared with a 50-day average of $7.57.
• Analyst sentiment is moderately positive: two analysts rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a $10.00 price target.
• The company reported quarterly earnings of $0.07 per share on $78.9 million in revenue, while institutional investors own 19.3% of outstanding shares.

Materialise NV (NASDAQ:MTLS - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $7.57 and traded as high as $8.20. Materialise shares last traded at $8.12, with a volume of 422,429 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings raised Materialise from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. DA Davidson began coverage on Materialise in a research note on Tuesday, September 29th. They issued a "buy" rating for the company. Finally, Wall Street Zen downgraded Materialise from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.

Materialise Trading Down 0.1%

The company has a market cap of $479.65 million, a price-to-earnings ratio of 30.08 and a beta of 1.33. The business's fifty day moving average price is $7.57 and its 200 day moving average price is $6.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.41 and a quick ratio of 2.22.

Materialise (NASDAQ:MTLS - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The software maker reported $0.07 earnings per share for the quarter. The company had revenue of $78.90 million for the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. Research analysts anticipate that Materialise NV will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP grew its position in shares of Materialise by 175.0% in the 2nd quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker's stock valued at $258,000 after buying an additional 22,098 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Materialise by 1,606.7% during the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker's stock worth $195,000 after acquiring an additional 24,759 shares during the last quarter. Optiver Holding B.V. raised its position in shares of Materialise by 218.1% during the first quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker's stock worth $190,000 after acquiring an additional 26,315 shares during the last quarter. AXQ Capital LP bought a new position in shares of Materialise during the second quarter worth about $118,000. Finally, GAMMA Investing LLC lifted its stake in shares of Materialise by 33.2% in the third quarter. GAMMA Investing LLC now owns 10,892 shares of the software maker's stock worth $93,000 after acquiring an additional 2,716 shares during the period. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Company Profile

Materialise NV is a Belgium-based technology company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions support the design, preparation, management and production of three-dimensional parts and devices across healthcare, manufacturing and other industrial applications.

The company's software portfolio includes platforms and applications for preparing 3D-printing files, processing medical imaging data, creating anatomical models and managing production workflows.

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