Materialise (NASDAQ:MTLS) Hits New 52-Week High – Here’s What Happened

Materialise NV (NASDAQ:MTLS) shares reached a new 52-week high on Wednesday . The stock traded as high as $8.93 and last traded at $8.92, with a volume of 133418 shares changing hands. The stock had previously closed at $8.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Materialise Stock Down 3.0 %

The company has a 50-day moving average of $7.81 and a two-hundred day moving average of $6.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The company has a market capitalization of $527.50 million, a PE ratio of 47.00 and a beta of 1.22.

Hedge Funds Weigh In On Materialise

Several large investors have recently added to or reduced their stakes in MTLS. Barclays PLC raised its position in shares of Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares during the period. GAMMA Investing LLC raised its holdings in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after acquiring an additional 3,875 shares during the period. Truist Financial Corp purchased a new position in shares of Materialise in the fourth quarter valued at about $79,000. Quintet Private Bank Europe S.A. boosted its stake in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after acquiring an additional 7,459 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Materialise during the third quarter worth about $124,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

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.