Materialise NV (NASDAQ:MTLS - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.81 and traded as high as $7.67. Materialise shares last traded at $7.56, with a volume of 215,420 shares traded.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Materialise in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Materialise from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.00.
Read Our Latest Stock Report on MTLS
Materialise Stock Performance
The business's fifty day moving average price is $6.81 and its 200-day moving average price is $6.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.22 and a current ratio of 2.41. The stock has a market cap of $446.57 million, a PE ratio of 28.00 and a beta of 1.36.
Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The software maker reported $0.07 earnings per share for the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. The firm had revenue of $78.90 million during the quarter. As a group, equities research analysts forecast that Materialise NV will post 0.16 EPS for the current fiscal year.
Institutional Trading of Materialise
A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in Materialise by 116.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker's stock valued at $26,000 after acquiring an additional 2,546 shares during the period. Quadrature Capital Ltd bought a new position in shares of Materialise in the 4th quarter worth approximately $56,000. Osaic Holdings Inc. lifted its stake in shares of Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker's stock worth $66,000 after purchasing an additional 10,900 shares during the period. Granite Investment Partners LLC purchased a new position in shares of Materialise in the first quarter worth approximately $58,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Materialise by 19,063.2% in the second quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker's stock worth $74,000 after buying an additional 12,963 shares during the last quarter. Hedge funds and other institutional investors own 19.30% of the company's stock.
Materialise Company Profile
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Get Free Report)
Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise's offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.
On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.
Further Reading
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