Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Materialise from a b rating to a c rating in a research report on Thursday, October 31st. Zacks Investment Research lowered shares of Materialise from a hold rating to a strong sell rating in a research report on Tuesday, November 5th. Finally, BidaskClub cut shares of Materialise from a strong-buy rating to a buy rating in a research note on Saturday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $19.54.
MTLS traded up $0.16 on Tuesday, hitting $16.67. 846 shares of the company’s stock traded hands, compared to its average volume of 112,395. The company’s 50 day simple moving average is $18.57 and its 200-day simple moving average is $18.00. The firm has a market cap of $864.79 million, a price-to-earnings ratio of 238.14 and a beta of 0.41. Materialise has a one year low of $13.56 and a one year high of $22.99. The company has a current ratio of 2.41, a quick ratio of 2.26 and a debt-to-equity ratio of 0.83.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC bought a new stake in Materialise in the 2nd quarter worth approximately $38,000. Wells Fargo & Company MN increased its stake in Materialise by 40.9% during the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock worth $270,000 after acquiring an additional 4,015 shares during the last quarter. HighTower Advisors LLC raised its position in Materialise by 25.2% during the second quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock valued at $338,000 after purchasing an additional 3,500 shares during the period. Pendal Group Ltd purchased a new stake in Materialise during the second quarter valued at approximately $431,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Materialise by 44.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 23,287 shares of the software maker’s stock valued at $455,000 after purchasing an additional 7,129 shares during the last quarter. Institutional investors and hedge funds own 29.46% of the company’s stock.
Materialise Company Profile
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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