StockNews.com Downgrades Materialise (NASDAQ:MTLS) to Buy

Materialise (NASDAQ:MTLS - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

Materialise Stock Down 1.6 %

NASDAQ:MTLS traded down $0.10 during trading hours on Tuesday, hitting $6.04. 82,071 shares of the company traded hands, compared to its average volume of 98,940. Materialise has a one year low of $4.70 and a one year high of $6.93. The company has a market cap of $356.76 million, a PE ratio of 31.79 and a beta of 1.11. The firm's 50-day simple moving average is $5.33 and its 200-day simple moving average is $5.29. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Materialise

Several institutional investors have recently added to or reduced their stakes in MTLS. Rock Point Advisors LLC boosted its position in Materialise by 4.0% during the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker's stock worth $3,361,000 after purchasing an additional 25,637 shares during the period. Acadian Asset Management LLC lifted its holdings in Materialise by 6.9% during 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. Quintet Private Bank Europe S.A. grew its holdings in Materialise by 51.4% during the 3rd 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 in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Materialise in the third quarter worth about $124,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Materialise by 2.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker's stock valued at $1,010,000 after acquiring an additional 5,380 shares during the period. Institutional investors own 19.30% of the company's stock.

About Materialise

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.