Stratasys (NASDAQ:SSYS) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Shares of 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 $10.25 and traded as high as $11.38. Stratasys shares last traded at $11.17, with a volume of 315,873 shares.

Wall Street Analysts Forecast Growth

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

Stratasys Stock Down 1.1%

The firm has a fifty day moving average of $10.88 and a 200-day moving average of $10.26. The firm has a market cap of $788.20 million, a P/E ratio of -7.33 and a beta of 1.53.

Stratasys (NASDAQ:SSYS - Get Free Report) last released its earnings results 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. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The company had revenue of $136.05 million for the quarter, compared to the consensus estimate of $134.11 million. During the same period in the prior year, the company posted ($0.02) EPS. The company's revenue was down 5.6% compared to the same quarter last year. Sell-side analysts anticipate that Stratasys, Ltd. will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently bought and sold shares of SSYS. Northern Trust Corp lifted its stake in shares of Stratasys by 26.0% in the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company's stock valued at $395,000 after purchasing an additional 9,168 shares during the period. SG Americas Securities LLC bought a new stake in Stratasys in the first quarter valued at about $1,143,000. BNP Paribas Financial Markets lifted its stake in Stratasys by 46.6% in the fourth quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company's stock valued at $1,690,000 after buying an additional 60,407 shares during the period. Hsbc Holdings PLC boosted its holdings in Stratasys by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after buying an additional 1,564 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Stratasys during the fourth quarter worth about $261,000. 75.77% of the stock is owned by institutional investors.

About Stratasys

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.