Materialise (NASDAQ:MTLS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Materialise (NASDAQ:MTLSFree Report) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

Separately, Cantor Fitzgerald started coverage on Materialise in a research note on Wednesday, April 24th. They issued an overweight rating and a $9.50 target price on the stock.

Get Our Latest Stock Report on Materialise

Materialise Price Performance

Shares of NASDAQ MTLS opened at $5.08 on Friday. The stock 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 debt-to-equity ratio of 0.12, a quick ratio of 1.75 and a current ratio of 1.91. Materialise has a fifty-two week low of $4.82 and a fifty-two week high of $9.94. The firm’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $5.64.

Materialise (NASDAQ:MTLSGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $68.80 million for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. As a group, research analysts anticipate that Materialise will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Materialise

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in Materialise by 290.3% during the fourth quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock worth $28,000 after buying an additional 3,167 shares during the last quarter. Signaturefd LLC boosted its position in shares of Materialise by 218.1% during the 4th quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock valued at $44,000 after acquiring an additional 4,621 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Materialise by 308.0% in the 4th quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock worth $112,000 after buying an additional 12,879 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Materialise by 233.5% in the 4th quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock worth $137,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its stake in Materialise by 5.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock worth $204,000 after buying an additional 1,837 shares in the last quarter. 19.30% of the stock is currently owned by institutional investors.

About Materialise

(Get Free Report)

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.

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