StockNews.com Downgrades Materialise (NASDAQ:MTLS) to Buy

Materialise (NASDAQ:MTLS) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Materialise Stock Down 34.9 %

NASDAQ MTLS traded down $3.22 during trading hours on Thursday, hitting $6.00. 2,796,161 shares of the company traded hands, compared to its average volume of 281,838. The stock has a market capitalization of $354.42 million, a price-to-earnings ratio of 31.58 and a beta of 1.22. Materialise has a twelve month low of $4.70 and a twelve month high of $9.69. The business’s 50-day moving average is $8.01 and its 200-day moving average is $6.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81.

Materialise (NASDAQ:MTLS) last released its earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Materialise had a net margin of 3.73% and a return on equity of 5.88%. Sell-side analysts anticipate that Materialise will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

A number of hedge funds and other institutional investors have recently modified their holdings of MTLS. Barclays PLC lifted 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 acquiring an additional 2,473 shares during the period. GAMMA Investing LLC raised its stake in Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares in the last quarter. Truist Financial Corp bought a new stake in Materialise during the fourth quarter worth about $79,000. Commonwealth Equity Services LLC acquired a new stake in Materialise during the fourth quarter worth about $85,000. Finally, Trexquant Investment LP bought a new position in Materialise in the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Materialise Company Profile

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.