Voxeljet AG (NYSE:VJET)’s stock price passed above its 50-day moving average during trading on Thursday following a stronger than expected earnings report. The stock has a 50-day moving average of $1.84 and traded as high as $1.70. Voxeljet shares last traded at $1.65, with a volume of 1,083 shares trading hands.
The technology company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.07). The company had revenue of $5.68 million for the quarter, compared to analyst estimates of $5.60 million. Voxeljet had a negative return on equity of 23.03% and a negative net margin of 36.42%.
A number of equities analysts have weighed in on VJET shares. Piper Jaffray Companies reduced their price objective on shares of Voxeljet from $5.50 to $4.75 and set an “overweight” rating for the company in a research report on Monday, May 20th. Zacks Investment Research upgraded shares of Voxeljet from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th. Finally, ValuEngine upgraded shares of Voxeljet from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.
Several hedge funds and other institutional investors have recently modified their holdings of VJET. Bank of America Corp DE boosted its stake in Voxeljet by 140.5% during the fourth quarter. Bank of America Corp DE now owns 1,660,395 shares of the technology company’s stock worth $2,823,000 after buying an additional 969,960 shares during the period. Morgan Stanley boosted its stake in Voxeljet by 44.8% during the second quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock worth $294,000 after buying an additional 49,750 shares during the period. Citadel Advisors LLC boosted its stake in Voxeljet by 162.2% during the second quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock worth $129,000 after buying an additional 43,449 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in Voxeljet by 54.6% during the second quarter. Susquehanna International Group LLP now owns 40,549 shares of the technology company’s stock worth $75,000 after buying an additional 14,316 shares during the period. Institutional investors and hedge funds own 21.38% of the company’s stock.
The company has a debt-to-equity ratio of 0.46, a current ratio of 5.42 and a quick ratio of 3.77. The company has a market cap of $39.71 million, a PE ratio of -3.15 and a beta of 2.91. The company’s 50 day simple moving average is $1.84 and its two-hundred day simple moving average is $1.99.
About Voxeljet (NYSE:VJET)
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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