Materialise NV (NASDAQ:MTLS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.28 and last traded at $9.22, with a volume of 136623 shares trading hands. The stock had previously closed at $8.98.
Analyst Ratings Changes
Separately, StockNews.com upgraded Materialise from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 13th.
Check Out Our Latest Report on Materialise
Materialise Stock Up 2.2 %
The firm's fifty day simple moving average is $7.98 and its two-hundred day simple moving average is $6.59. The company has a market capitalization of $568.25 million, a price-to-earnings ratio of 50.63 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10.
Institutional Investors Weigh In On Materialise
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker's stock worth $43,000 after purchasing an additional 2,473 shares during the last quarter. GAMMA Investing LLC boosted its stake in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock worth $65,000 after buying an additional 3,875 shares during the period. Truist Financial Corp acquired a new stake in shares of Materialise during the fourth quarter valued at about $79,000. Commonwealth Equity Services LLC purchased a new stake in shares of Materialise in the 4th quarter valued at approximately $85,000. Finally, Trexquant Investment LP acquired a new position in shares of Materialise in the 4th quarter worth approximately $103,000. Hedge funds and other institutional investors own 19.30% of the company's stock.
Materialise Company Profile
(
Get Free Report)
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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