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

Materialise NV (NASDAQ:MTLS) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $7.57 and traded as high as $8.20. Materialise shares last traded at $8.12, with a volume of 422,429 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised Materialise from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. DA Davidson began coverage on Materialise in a report on Tuesday, September 29th. They set a “buy” rating on the stock. Finally, Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Materialise currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Materialise Stock Down 1.5%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.22 and a current ratio of 2.41. The stock’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $6.65. The firm has a market cap of $472.56 million, a P/E ratio of 29.63 and a beta of 1.33.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Friday, August 14th. The software maker reported $0.07 EPS for the quarter. Materialise had a return on equity of 5.20% and a net margin of 4.85%. The firm had revenue of $78.90 million during the quarter. Research analysts anticipate that Materialise NV will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. grew its position in shares of Materialise by 218.1% during the 1st quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker’s stock valued at $190,000 after acquiring an additional 26,315 shares during the period. Engineers Gate Manager LP boosted its position in shares of Materialise by 175.0% in the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock valued at $258,000 after acquiring an additional 22,098 shares during the period. NewEdge Advisors LLC grew its position in shares of Materialise by 1,606.7% during the 2nd quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after purchasing an additional 24,759 shares in the last quarter. AXQ Capital LP bought a new position in Materialise in the 2nd quarter worth about $118,000. Finally, Granite Investment Partners LLC purchased a new stake in Materialise in the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV is a Belgium-based technology company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions support the design, preparation, management and production of three-dimensional parts and devices across healthcare, manufacturing and other industrial applications.

The company’s software portfolio includes platforms and applications for preparing 3D-printing files, processing medical imaging data, creating anatomical models and managing production workflows.