Materialise (NASDAQ:MTLS - Get Free Report) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday.
Materialise Stock Up 7.2 %
NASDAQ:MTLS traded up $0.43 during trading hours on Monday, reaching $6.39. The company's stock had a trading volume of 458,748 shares, compared to its average volume of 119,818. Materialise has a one year low of $4.70 and a one year high of $6.93. The business's 50-day moving average is $5.23 and its 200-day moving average is $5.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market cap of $377.46 million, a price-to-earnings ratio of 33.63 and a beta of 1.13.
Materialise (NASDAQ:MTLS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.07 EPS for the quarter. Materialise had a return on equity of 5.88% and a net margin of 3.73%. The business had revenue of $73.65 million for the quarter. Equities research analysts predict that Materialise will post 0.22 EPS for the current year.
Institutional Trading of Materialise
Several large investors have recently modified their holdings of the company. Ballentine Partners LLC bought a new position in Materialise in the 3rd quarter worth $124,000. Edmond DE Rothschild Holding S.A. increased its stake 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 worth $1,010,000 after purchasing an additional 5,380 shares during the period. Acadian Asset Management LLC increased its stake in shares of Materialise by 6.9% in the first 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 during the period. Finally, Rock Point Advisors LLC lifted its position in shares of Materialise by 4.0% during the 2nd 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 last quarter. 19.30% of the stock is owned by institutional investors.
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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