Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Analyst Ratings Changes
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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.
Check Out Our Latest Research Report on SSYS
Stratasys Stock Down 1.8%
The firm's 50-day moving average is $10.87 and its 200-day moving average is $10.27. The company has a market cap of $920.11 million, a PE ratio of -7.22 and a beta of 1.53.
Stratasys (NASDAQ:SSYS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $136.05 million during the quarter, compared to the consensus estimate of $134.11 million. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, equities research analysts anticipate 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 added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in shares of Stratasys during the 4th quarter worth $68,000. Teton Advisors Inc. bought a new stake in Stratasys in the 4th quarter valued at $89,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Stratasys during the 1st quarter valued at about $105,000. OLD Mission Capital LLC bought a new position in shares of Stratasys in the 1st quarter valued at about $128,000. Finally, Hsbc Holdings PLC grew its position in Stratasys by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company's stock worth $148,000 after acquiring an additional 1,564 shares in the last quarter. Institutional investors own 75.77% of the company's stock.
Stratasys Company Profile
(
Get Free Report)
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.
See Also
Before you consider Stratasys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stratasys wasn't on the list.
While Stratasys currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
