Voxeljet (NYSE:VJET) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Voxeljet (NYSE:VJET) from a hold rating to a sell rating in a research report released on Saturday, Zacks.com reports.

According to Zacks, “voxeljet AG provides 3D printers and on-demand parts services to industrial and commercial customers. The company operates in two segments, Systems and Services. It serves the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product industries. voxeljet AG is headquartered in Friedberg, Germany. “

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Piper Jaffray Companies cut their price target on shares of Ocular Therapeutix to $8.00 and set a market perform rating for the company in a report on Monday, May 20th.

NYSE:VJET opened at $1.82 on Friday. The stock’s 50-day simple moving average is $1.85. The company has a market cap of $44.49 million, a P/E ratio of -3.50 and a beta of 2.93. Voxeljet has a 52 week low of $1.55 and a 52 week high of $4.75. The company has a quick ratio of 3.77, a current ratio of 5.42 and a debt-to-equity ratio of 0.46.

Voxeljet (NYSE:VJET) last released its quarterly earnings data on Thursday, May 16th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $6.32 million for the quarter, compared to the consensus estimate of $5.60 million. Voxeljet had a negative return on equity of 23.03% and a negative net margin of 36.42%. As a group, equities research analysts predict that Voxeljet will post -0.33 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Voxeljet stock. Bank of America Corp DE boosted its position in shares of Voxeljet AG (NYSE:VJET) by 140.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,660,395 shares of the technology company’s stock after purchasing an additional 969,960 shares during the period. Bank of America Corp DE owned about 8.93% of Voxeljet worth $2,823,000 at the end of the most recent quarter. 21.38% of the stock is currently owned by hedge funds and other institutional investors.

About Voxeljet

voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.

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