Materialise (NASDAQ:MTLS) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Materialise shares moved above their 50-day moving average, reaching $8.08 and last trading at $8.01, compared with the $7.00 average.
• Analysts have a generally neutral view: the stock carries an average “Hold” rating and a $10.00 price target, with one Buy rating and two Holds.
• The company reported quarterly revenue of $78.9 million and earnings of $0.07 per share; institutional investors and hedge funds own approximately 19.3% of the stock.

Materialise NV (NASDAQ:MTLS - Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $7.00 and traded as high as $8.08. Materialise shares last traded at $8.01, with a volume of 266,985 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTLS shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Materialise in a research report on Thursday, August 27th. Wall Street Zen lowered Materialise from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.00.

Materialise Stock Up 0.3%

The firm's fifty day simple moving average is $7.00 and its 200 day simple moving average is $6.29. The stock has a market capitalization of $473.15 million, a price-to-earnings ratio of 29.67 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.22 and a current ratio of 2.41.

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 company had revenue of $78.90 million during the quarter. On average, sell-side analysts forecast that Materialise NV will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in Materialise by 74.2% in the first quarter. Pacer Advisors Inc. now owns 8,232 shares of the software maker's stock valued at $41,000 after acquiring an additional 3,506 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Materialise in the second quarter worth about $81,000. Granite Investment Partners LLC bought a new position in shares of Materialise in the first quarter worth about $58,000. AXQ Capital LP acquired a new stake in shares of Materialise in the 2nd quarter valued at approximately $118,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Materialise by 175.0% during the 2nd quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker's stock valued at $258,000 after purchasing an additional 22,098 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Materialise Company Profile

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.

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