Materialise (NASDAQ:MTLS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.
Materialise Trading Up 3.4 %
Shares of MTLS stock traded up $0.20 on Thursday, hitting $6.10. The stock had a trading volume of 1,326,722 shares, compared to its average volume of 321,867. Materialise has a twelve month low of $4.70 and a twelve month high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm has a market cap of $360.31 million, a P/E ratio of 24.40 and a beta of 1.22. The company has a fifty day moving average price of $7.97 and a two-hundred day moving average price of $6.67.
Materialise (NASDAQ:MTLS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Materialise had a return on equity of 5.47% and a net margin of 5.04%. The business had revenue of $68.24 million for the quarter, compared to analysts' expectations of $71.66 million. As a group, analysts forecast that Materialise will post 0.3 earnings per share for the current fiscal year.
Institutional Trading of Materialise
A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Materialise by 1,589.4% during 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 in the last quarter. KBC Group NV lifted its stake in Materialise by 18.8% in the 4th quarter. KBC Group NV now owns 408,584 shares of the software maker's stock valued at $2,876,000 after purchasing an additional 64,744 shares during the last quarter. Barclays PLC boosted its stake 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 acquiring an additional 2,473 shares during the period. Inspire Investing LLC acquired a new position in shares of Materialise in the fourth quarter valued at $756,000. Finally, GAMMA Investing LLC raised its position in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock valued at $65,000 after purchasing an additional 3,875 shares during the period. 19.30% of the stock is currently 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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