Stratasys (NASDAQ:SSYS) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Stratasys shares moved above their 200-day moving average, reaching $8.64 and last trading at $8.51, compared with the $8.40 long-term average.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock a Buy, one a Hold and one a Sell, producing a “Moderate Buy” consensus and a $12.33 average price target.
• Institutional investors own 75.77% of Stratasys, with several funds increasing their positions during the second quarter. The company reported $137.61 million in quarterly revenue and expects a full-year loss of $0.19 per share.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.40 and traded as high as $8.64. Stratasys shares last traded at $8.51, with a volume of 787,979 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SSYS shares. Zacks Research downgraded Stratasys from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Weiss Ratings reissued a "sell (d-)" rating on shares of Stratasys in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.33.

Stratasys Trading Up 1.3%

The firm has a market cap of $733.31 million, a PE ratio of -6.35 and a beta of 1.93. The company has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $8.40.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC boosted its stake in shares of Stratasys by 116.7% during the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company's stock worth $1,099,000 after acquiring an additional 69,115 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Stratasys during the 2nd quarter valued at about $27,000. Squarepoint Ops LLC purchased a new position in shares of Stratasys in the 2nd quarter valued at about $553,000. Moody National Bank Trust Division increased its stake in shares of Stratasys by 16.5% in the 2nd quarter. Moody National Bank Trust Division now owns 83,637 shares of the technology company's stock valued at $716,000 after purchasing an additional 11,821 shares in the last quarter. Finally, Kopion Asset Management LLC raised its holdings in Stratasys by 2.3% in the 2nd quarter. Kopion Asset Management LLC now owns 947,970 shares of the technology company's stock worth $8,115,000 after purchasing an additional 21,171 shares during the period. Institutional investors and hedge funds own 75.77% of the company's stock.

Stratasys Company Profile

Stratasys Ltd. is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services for industrial, medical, educational and consumer applications. Its technologies are designed to produce prototypes, tooling, production parts and customized products directly from digital designs.

The company's product portfolio includes polymer-based 3D printers using technologies such as Fused Deposition Modeling, PolyJet and stereolithography.

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