Materialise NV (NASDAQ:MTLS - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.87 and traded as high as $7.74. Materialise shares last traded at $7.70, with a volume of 105,354 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have commented on MTLS shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Materialise in a research report on Thursday, August 27th. Wall Street Zen lowered shares of Materialise from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Materialise currently has an average rating of "Hold" and a consensus price target of $10.00.
Read Our Latest Stock Report on Materialise
Materialise Price Performance
The company has a current ratio of 2.41, a quick ratio of 2.22 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $6.87 and a 200-day moving average of $6.18. The firm has a market capitalization of $454.84 million, a P/E ratio of 28.52 and a beta of 1.36.
Materialise (NASDAQ:MTLS - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 5.20% and a net margin of 4.85%.The firm had revenue of $78.90 million for the quarter. On average, sell-side analysts predict that Materialise NV will post 0.16 EPS for the current year.
Institutional Trading of Materialise
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in shares of Materialise by 74.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,232 shares of the software maker's stock worth $41,000 after purchasing an additional 3,506 shares in the last quarter. Granite Investment Partners LLC bought a new position in shares of Materialise during the first quarter worth approximately $58,000. AXQ Capital LP acquired a new stake in shares of Materialise in the second quarter valued at approximately $118,000. NewEdge Advisors LLC raised its position in shares of Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker's stock valued at $195,000 after buying an additional 24,759 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Materialise by 175.0% in the second 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 period. Institutional investors and hedge funds own 19.30% of the company's stock.
About Materialise
(
Get Free Report)
Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions help organizations design, prepare, manage and produce three-dimensional parts and products across a range of industrial and healthcare applications.
The company's offerings include additive manufacturing software, engineering and manufacturing services, and medical solutions. Its medical business provides software and services used to create patient-specific anatomical models, surgical guides, implants and other applications that support planning and treatment.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Materialise, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Materialise wasn't on the list.
While Materialise currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
