Materialise (NASDAQ:MTLS) Stock Passes Above 50 Day Moving Average – Time to Sell?

Shares of Materialise NV (NASDAQ:MTLS) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.57 and traded as high as $5.97. Materialise shares last traded at $5.66, with a volume of 273,580 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Materialise in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Materialise currently has a consensus rating of “Sell”.

Materialise Price Performance

The company has a current ratio of 2.37, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $5.42. The stock has a market capitalization of $334.34 million, a P/E ratio of 70.76 and a beta of 1.26.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $77.69 million during the quarter, compared to analyst estimates of $65.35 million. Materialise had a return on equity of 1.75% and a net margin of 1.65%. Materialise has set its FY 2025 guidance at EPS. On average, analysts expect that Materialise NV will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in shares of Materialise by 1,453.3% in the second quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after acquiring an additional 10,900 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Materialise by 0.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,890,920 shares of the software maker’s stock valued at $10,684,000 after acquiring an additional 15,573 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Materialise by 19,063.2% in the second quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock valued at $74,000 after acquiring an additional 12,963 shares in the last quarter. Archon Capital Management LLC bought a new position in shares of Materialise in the second quarter valued at approximately $382,000. Finally, Walleye Capital LLC bought a new position in shares of Materialise in the second quarter valued at approximately $150,000. 19.30% of the stock is owned by institutional investors.

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.