BidaskClub upgraded shares of Materialise (NASDAQ:MTLS) from a sell rating to a hold rating in a research report released on Friday morning.
A number of other brokerages have also weighed in on MTLS. TheStreet raised shares of Materialise from a c+ rating to a b- rating in a report on Thursday, September 13th. Zacks Investment Research lowered shares of Materialise from a hold rating to a strong sell rating in a report on Thursday, August 9th. Finally, ValuEngine raised shares of Materialise from a hold rating to a buy rating in a report on Friday, August 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Materialise presently has an average rating of Hold and a consensus price target of $18.00.
Shares of MTLS traded down $0.21 during trading hours on Friday, reaching $12.48. 58,085 shares of the company traded hands, compared to its average volume of 73,226. The firm has a market capitalization of $600.56 million, a PE ratio of -312.00, a price-to-earnings-growth ratio of 11.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.57 and a quick ratio of 1.41. Materialise has a 12-month low of $11.16 and a 12-month high of $16.20.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $52.55 million for the quarter, compared to analysts’ expectations of $53.92 million. Materialise had a net margin of 0.19% and a return on equity of 0.41%. As a group, research analysts anticipate that Materialise will post 0.05 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Bellevue Group AG purchased a new stake in Materialise in the second quarter valued at $510,000. Wells Fargo & Company MN boosted its holdings in Materialise by 5.4% in the first quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock valued at $1,211,000 after purchasing an additional 5,263 shares during the last quarter. KBC Group NV boosted its holdings in Materialise by 46.6% in the second quarter. KBC Group NV now owns 176,801 shares of the software maker’s stock valued at $2,295,000 after purchasing an additional 56,160 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Materialise by 46.9% in the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock valued at $2,331,000 after purchasing an additional 57,300 shares during the last quarter. Finally, ARK Investment Management LLC boosted its holdings in Materialise by 20.5% in the second quarter. ARK Investment Management LLC now owns 1,494,142 shares of the software maker’s stock valued at $19,394,000 after purchasing an additional 254,681 shares during the last quarter. 9.84% of the stock is currently owned by institutional investors.
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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