Zacks Investment Research cut shares of Materialise (NASDAQ:MTLS) from a hold rating to a sell rating in a research report sent to investors on Wednesday, January 10th.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
Other research analysts have also issued research reports about the stock. KeyCorp reaffirmed a buy rating and issued a $18.00 target price on shares of Materialise in a research note on Friday, November 10th. Piper Jaffray Companies reiterated a buy rating and issued a $20.00 price target on shares of Materialise in a research report on Friday, October 13th. Finally, BidaskClub downgraded shares of Materialise from a hold rating to a sell rating in a research report on Thursday, December 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $16.75.
Shares of Materialise (NASDAQ:MTLS) traded up $0.32 during mid-day trading on Wednesday, hitting $13.16. 29,331 shares of the stock were exchanged, compared to its average volume of 67,192. Materialise has a 52 week low of $7.90 and a 52 week high of $16.50. The firm has a market cap of $637.47, a PE ratio of -186.69, a price-to-earnings-growth ratio of 3.37 and a beta of 1.74. The company has a current ratio of 1.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61.
Materialise (NASDAQ:MTLS) last posted its earnings results on Thursday, November 9th. The software maker reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). Materialise had a negative return on equity of 3.45% and a negative net margin of 2.07%. research analysts forecast that Materialise will post -0.06 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of Materialise by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock valued at $829,000 after purchasing an additional 14,233 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Materialise by 5.5% in the second quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock valued at $237,000 after purchasing an additional 980 shares during the last quarter. Ark Investment Management LLC raised its holdings in shares of Materialise by 62.3% in the second quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock valued at $3,202,000 after purchasing an additional 103,542 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Materialise in the second quarter valued at approximately $119,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Materialise in the second quarter valued at approximately $283,000. Hedge funds and other 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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