Materialise (NASDAQ:MTLS) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

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.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, October 31st. The software maker reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Materialise had a return on equity of 0.60% and a net margin of 0.43%. The business had revenue of $54.93 million during the quarter, compared to the consensus estimate of $56.11 million. As a group, equities analysts anticipate that Materialise will post 0.06 EPS for the current fiscal year.

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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