Materialise (NASDAQ:MTLS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, January 11th.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Materialise from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. KeyCorp reaffirmed 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 reaffirmed a “buy” rating and set a $20.00 price target on shares of Materialise in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Materialise currently has an average rating of “Hold” and an average price target of $16.75.
Materialise (NASDAQ:MTLS) traded down $0.61 during midday trading on Thursday, hitting $12.55. The company’s stock had a trading volume of 108,985 shares, compared to its average volume of 58,596. The stock has a market cap of $622.80, a price-to-earnings ratio of -179.26, a P/E/G ratio of 3.29 and a beta of 1.63. Materialise has a twelve month low of $7.90 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.69.
Materialise (NASDAQ:MTLS) last announced its quarterly 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 net margin of 2.07% and a negative return on equity of 3.45%. sell-side analysts expect that Materialise will post -0.06 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of MTLS. Bank of New York Mellon Corp increased its position in shares of Materialise by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock worth $829,000 after acquiring an additional 14,233 shares during the period. Private Advisor Group LLC grew its stake in shares of Materialise by 5.5% during the second quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock worth $237,000 after purchasing an additional 980 shares in the last quarter. Ark Investment Management LLC grew its stake in shares of Materialise by 62.3% during the second quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after purchasing an additional 103,542 shares in the last quarter. Symmetry Peak Management LLC acquired a new position in shares of Materialise during the second quarter worth $119,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Materialise during the second quarter worth $283,000. 11.31% of the stock is currently owned by institutional investors and hedge funds.
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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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