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

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a hold rating to a buy rating in a report published on Tuesday morning.

Materialise Price Performance

MTLS stock opened at $5.38 on Tuesday. 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 business has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $6.54. The firm has a market capitalization of $317.80 million, a PE ratio of 21.52 and a beta of 1.63. Materialise has a 1 year low of $3.93 and a 1 year high of $9.69.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $71.79 million during the quarter, compared to analysts’ expectations of $67.00 million. Materialise had a net margin of 5.04% and a return on equity of 5.47%. Equities research analysts anticipate that Materialise will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTLS. Barclays PLC grew its position in Materialise by 45.3% in the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after acquiring an additional 2,473 shares during the period. Randolph Co Inc purchased a new position in Materialise in the first quarter worth approximately $49,000. GAMMA Investing LLC grew its position in Materialise by 69.2% in the first quarter. GAMMA Investing LLC now owns 15,503 shares of the software maker’s stock worth $76,000 after acquiring an additional 6,338 shares during the period. Truist Financial Corp purchased a new position in Materialise in the fourth quarter worth approximately $79,000. Finally, Commonwealth Equity Services LLC purchased a new position in Materialise in the fourth quarter worth approximately $85,000. 19.30% of the stock is currently owned by hedge funds and other 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.