StockNews.com downgraded shares of Materialise (NASDAQ:MTLS - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.
Materialise Trading Down 2.3 %
Shares of Materialise stock traded down $0.12 during trading hours on Friday, reaching $5.14. 189,958 shares of the company's stock were exchanged, compared to its average volume of 344,584. Materialise has a 52-week low of $4.70 and a 52-week high of $9.69. The company has a fifty day moving average of $7.75 and a 200-day moving average of $6.67. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $303.49 million, a price-to-earnings ratio of 20.65 and a beta of 1.22.
Materialise (NASDAQ:MTLS - Get Free Report) last released its earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $68.24 million for the quarter, compared to the consensus estimate of $71.66 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. Sell-side analysts forecast that Materialise will post 0.3 EPS for the current fiscal year.
Hedge Funds Weigh In On Materialise
Hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its stake in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker's stock worth $43,000 after acquiring an additional 2,473 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock worth $65,000 after acquiring an additional 3,875 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Materialise in the 4th quarter valued at $79,000. Commonwealth Equity Services LLC purchased a new position in Materialise in the fourth quarter valued at about $85,000. Finally, Trexquant Investment LP acquired a new position in Materialise during the 4th quarter worth approximately $103,000. Institutional investors and hedge funds own 19.30% of the company's stock.
About Materialise
(
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Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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