Stratasys (NASDAQ:SSYS) Sets New 52-Week Low - Should You Sell?

Key Points

• Stratasys shares hit a new 52-week low, trading as low as $6.52 and last at $6.452, down from the prior close of $6.82.
• Analyst opinions are mixed: four rate the stock Buy, one Hold, and one Sell, leaving a consensus Moderate Buy rating and a $12.33 average price target. Zacks Research recently downgraded the stock from Strong Buy to Hold.
• The company reported quarterly revenue of $137.61 million and earnings of $0.03 per share; analysts forecast a loss of $0.19 per share for the current fiscal year.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $6.52 and last traded at $6.4520, with a volume of 60,596 shares traded. The stock had previously closed at $6.82.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSYS. Zacks Research lowered shares of Stratasys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Stratasys in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Stratasys presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.33.

Stratasys Price Performance

The firm has a market cap of $549.18 million, a PE ratio of -4.65 and a beta of 1.83. The business has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $8.64.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share for the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. The firm had revenue of $137.61 million for the quarter. As a group, sell-side analysts forecast that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Trading of Stratasys

Hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in Stratasys by 4.1% in the 3rd quarter. Alps Advisors Inc. now owns 94,116 shares of the technology company's stock valued at $782,000 after buying an additional 3,692 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Stratasys in the 3rd quarter worth approximately $941,000. Kopion Asset Management LLC boosted its stake in shares of Stratasys by 11.0% during the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company's stock valued at $8,745,000 after buying an additional 104,371 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Stratasys by 860.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company's stock valued at $30,000 after buying an additional 3,194 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in shares of Stratasys by 6.5% during the 3rd quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company's stock valued at $740,000 after acquiring an additional 5,401 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

About Stratasys

Stratasys Ltd. NASDAQ: SSYS is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company's portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.

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