BidaskClub upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report issued on Tuesday, BidAskClub reports.
MTLS has been the subject of several other research reports. ValuEngine cut shares of WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Materialise has a consensus rating of Buy and a consensus target price of $18.69.
MTLS traded down $0.47 during trading on Tuesday, hitting $18.02. 2,185 shares of the stock traded hands, compared to its average volume of 181,195. The company has a market cap of $984.22 million, a price-to-earnings ratio of 257.43, a P/E/G ratio of 8.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.18 and a quick ratio of 2.03. The company has a 50-day moving average price of $16.95. Materialise has a 12-month low of $11.16 and a 12-month high of $22.99.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The firm had revenue of $52.93 million for the quarter, compared to analysts’ expectations of $53.51 million. Materialise had a net margin of 1.56% and a return on equity of 2.39%. As a group, equities research analysts expect that Materialise will post 0.1 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in Materialise in the 1st quarter worth $107,000. Financial Gravity Wealth Inc. bought a new position in Materialise in the 1st quarter worth $131,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Materialise in the 1st quarter worth $173,000. Nikko Asset Management Americas Inc. raised its holdings in Materialise by 176.0% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 10,992 shares of the software maker’s stock worth $173,000 after purchasing an additional 7,010 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Materialise by 9.0% in the 4th quarter. LPL Financial LLC now owns 12,050 shares of the software maker’s stock worth $241,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 21.93% of the company’s stock.
Materialise Company Profile
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.
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