Materialise NV (NASDAQ:MTLS - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.27 and traded as high as $8.05. Materialise shares last traded at $7.43, with a volume of 303,315 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Materialise from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 13th.
Read Our Latest Report on MTLS
Materialise Stock Down 7.9 %
The stock has a 50-day moving average of $7.29 and a 200 day moving average of $6.01. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $438.87 million, a PE ratio of 39.11 and a beta of 1.20.
Institutional Trading of Materialise
Hedge funds have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN increased its stake in shares of Materialise by 0.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker's stock worth $8,777,000 after purchasing an additional 8,089 shares during the last quarter. Rock Point Advisors LLC increased its position in Materialise by 15.9% in the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker's stock worth $4,261,000 after buying an additional 106,564 shares during the last quarter. JPMorgan Chase & Co. increased its position in Materialise by 1,589.4% in the third quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker's stock worth $226,000 after buying an additional 38,797 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Materialise by 104.0% in the third quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker's stock valued at $199,000 after buying an additional 18,532 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Materialise during the 3rd quarter valued at $124,000. Institutional investors own 19.30% of the company's stock.
About Materialise
(
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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