Materialise NV (NASDAQ:MTLS) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.33.
Several analysts have recently commented on the stock. BidaskClub upgraded shares of Materialise from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “sell” rating in a report on Wednesday. KeyCorp restated a “buy” rating and set a $18.00 price target on shares of Materialise in a research report on Friday, November 10th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $20.00 price target on shares of Materialise in a research report on Friday, October 13th.
Shares of Materialise (NASDAQ MTLS) traded down $0.13 during mid-day trading on Friday, hitting $13.78. 35,629 shares of the stock traded hands, compared to its average volume of 98,925. The stock has a market capitalization of $658.30, a P/E ratio of -229.67, a P/E/G ratio of 3.03 and a beta of 1.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.86. Materialise has a 52 week low of $7.55 and a 52 week high of $16.50.
A number of institutional investors and hedge funds have recently bought and sold shares of MTLS. LA Financiere DE L Echiquier grew its position in Materialise by 104.5% during the third quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock valued at $9,344,000 after buying an additional 327,966 shares during the period. Ark Investment Management LLC grew its position in Materialise by 62.3% during the second quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock valued at $3,202,000 after buying an additional 103,542 shares during the period. Columbus Circle Investors grew its position in Materialise by 38.6% during the third quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock valued at $3,424,000 after buying an additional 65,499 shares during the period. Essex Investment Management Co. LLC bought a new position in Materialise during the third quarter valued at about $504,000. Finally, Cookson Peirce & Co. Inc. bought a new position in Materialise during the second quarter valued at about $283,000. Institutional investors own 11.31% of the company’s stock.
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Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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