StockNews.com lowered shares of Materialise (NASDAQ:MTLS – Free Report) from a strong-buy rating to a buy rating in a report issued on Friday.
Separately, Cantor Fitzgerald initiated coverage on shares of Materialise in a research note on Wednesday, April 24th. They set an overweight rating and a $9.50 target price on the stock.
Materialise Stock Performance
Shares of NASDAQ:MTLS traded down $0.03 during trading on Friday, hitting $5.08. 25,740 shares of the stock traded hands, compared to its average volume of 77,216. The company has a quick ratio of 1.75, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. The company has a market cap of $300.08 million, a price-to-earnings ratio of 42.34 and a beta of 1.23. The company has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $5.65. Materialise has a 52-week low of $4.82 and a 52-week high of $9.94.
Materialise (NASDAQ:MTLS – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.07 EPS for the quarter. The company had revenue of $68.80 million during the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. As a group, equities analysts predict that Materialise will post 0.16 EPS for the current year.
Hedge Funds Weigh In On Materialise
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTLS. Acadian Asset Management LLC lifted its holdings in shares of Materialise by 6.9% during the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after purchasing an additional 34,543 shares during the period. Edmond DE Rothschild Holding S.A. increased its position in shares of Materialise by 2.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock valued at $1,010,000 after buying an additional 5,380 shares in the last quarter. Quintet Private Bank Europe S.A. increased its position in shares of Materialise by 31.2% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 48,708 shares of the software maker’s stock valued at $320,000 after buying an additional 11,573 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Materialise by 290.3% in the fourth quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock valued at $28,000 after buying an additional 3,167 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in Materialise by 150.0% during the 4th quarter. King Luther Capital Management Corp now owns 180,000 shares of the software maker’s stock worth $1,182,000 after purchasing an additional 108,000 shares in the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.
About Materialise
Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.