StockNews.com upgraded shares of Materialise (NASDAQ:MTLS - Free Report) from a buy rating to a strong-buy rating in a report published on Wednesday.
Materialise Price Performance
Shares of Materialise stock traded up $0.32 during trading on Wednesday, reaching $7.34. 501,217 shares of the company's stock were exchanged, compared to its average volume of 104,538. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. Materialise has a 1-year low of $4.70 and a 1-year high of $7.56. The company has a market cap of $433.57 million, a P/E ratio of 38.63 and a beta of 1.11. The firm's 50-day moving average price is $5.51 and its 200 day moving average price is $5.36.
Hedge Funds Weigh In On Materialise
A number of institutional investors and hedge funds have recently bought and sold shares of MTLS. Rock Point Advisors LLC increased its holdings in Materialise by 15.9% in the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker's stock worth $4,261,000 after purchasing an additional 106,564 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker's stock worth $2,808,000 after purchasing an additional 34,543 shares in the last quarter. Ballentine Partners LLC acquired a new position in Materialise in the 3rd quarter worth about $124,000. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker's stock valued at $120,000 after buying an additional 7,459 shares during the period. Institutional investors and hedge funds own 19.30% of the company's stock.
Materialise Company Profile
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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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