voxeljet AG (VJET) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of voxeljet AG (NYSE:VJET) from a sell rating to a hold rating in a research note published on Friday morning.

Other analysts have also issued reports about the company. Zacks Investment Research raised voxeljet AG from a hold rating to a buy rating and set a $5.75 target price on the stock in a report on Wednesday, June 28th. Piper Jaffray Companies raised their target price on voxeljet AG from $5.00 to $8.00 and gave the stock an overweight rating in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $6.06.

voxeljet AG (VJET) traded up 20.66% on Friday, hitting $5.14. The stock had a trading volume of 340,385 shares. voxeljet AG has a 12 month low of $2.61 and a 12 month high of $6.00. The company’s 50 day moving average is $4.04 and its 200-day moving average is $3.99. The stock’s market cap is $95.60 million.

voxeljet AG (NYSE:VJET) last posted its earnings results on Monday, August 14th. The technology company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The company had revenue of $5.66 million for the quarter. voxeljet AG had a negative return on equity of 22.77% and a negative net margin of 55.57%. Analysts forecast that voxeljet AG will post ($0.35) EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Trent Capital Management Inc. NC acquired a new stake in voxeljet AG in the second quarter valued at approximately $143,000. Symmetry Peak Management LLC acquired a new stake in voxeljet AG in the second quarter valued at approximately $146,000. Finally, Bank of New York Mellon Corp grew its holdings in voxeljet AG by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock valued at $205,000 after purchasing an additional 9,308 shares during the period. 3.27% of the stock is currently owned by institutional investors.

voxeljet AG Company Profile

Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.

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