Stratasys (NASDAQ:SSYS) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.45 and traded as high as $10.85. Stratasys shares last traded at $10.72, with a volume of 220,766 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Stratasys from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Stratasys Trading Up 1.2%

The stock's fifty day moving average is $10.91 and its 200 day moving average is $10.46. The company has a market capitalization of $910.34 million, a P/E ratio of -7.15 and a beta of 1.57.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $136.05 million for the quarter, compared to analysts' expectations of $134.11 million. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, analysts expect that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of large investors have recently made changes to their positions in SSYS. Invenomic Capital Management LP lifted its stake in Stratasys by 111.9% in the first quarter. Invenomic Capital Management LP now owns 2,466,198 shares of the technology company's stock worth $24,144,000 after acquiring an additional 1,302,264 shares during the period. RPG Investment Advisory LLC raised its holdings in Stratasys by 102.3% in the 1st quarter. RPG Investment Advisory LLC now owns 2,197,828 shares of the technology company's stock worth $21,517,000 after purchasing an additional 1,111,491 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Stratasys by 84.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,130,983 shares of the technology company's stock worth $20,862,000 after purchasing an additional 977,403 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of Stratasys in the 4th quarter worth about $5,376,000. Finally, Nuveen LLC bought a new stake in shares of Stratasys during the 1st quarter valued at about $4,097,000. 75.77% of the stock is currently owned by institutional investors.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.

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