Materialise (NASDAQ:MTLS) Rating Lowered to Buy at BidaskClub
Several other analysts have also recently commented on MTLS. ValuEngine upgraded shares of Materialise from a buy rating to a strong-buy rating in a research note on Friday, June 28th. Zacks Investment Research downgraded shares of Materialise from a hold rating to a strong sell rating in a report on Friday, August 9th. Finally, TheStreet upgraded shares of Materialise from a c rating to a b rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $18.69.
Shares of NASDAQ:MTLS opened at $18.00 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Materialise has a 52-week low of $11.16 and a 52-week high of $22.99. The stock has a market cap of $984.74 million, a price-to-earnings ratio of 257.14, a PEG ratio of 14.46 and a beta of 0.46. The business has a 50-day moving average price of $18.89 and a 200-day moving average price of $17.27.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in shares of Materialise in the 2nd quarter valued at about $38,000. DekaBank Deutsche Girozentrale purchased a new position in Materialise during the first quarter valued at approximately $107,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Materialise in the first quarter valued at approximately $173,000. Wells Fargo & Company MN lifted its holdings in Materialise by 40.9% in the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock valued at $270,000 after acquiring an additional 4,015 shares during the period. Finally, HighTower Advisors LLC boosted its position in Materialise by 25.2% in the 2nd quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 30.35% of the company’s stock.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
See Also: Blockchain
Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.