Stratasys Ltd (NASDAQ:SSYS) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 6,316,200 shares, a decrease of 15.0% from the July 31st total of 7,431,900 shares. Based on an average daily volume of 630,800 shares, the short-interest ratio is presently 10.0 days. Approximately 12.3% of the company’s shares are sold short.
Large investors have recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC purchased a new stake in Stratasys during the 2nd quarter worth about $56,000. Aperio Group LLC purchased a new stake in Stratasys during the 2nd quarter worth about $125,000. Panagora Asset Management Inc. purchased a new stake in Stratasys during the 2nd quarter worth about $125,000. CSat Investment Advisory L.P. purchased a new stake in Stratasys during the 2nd quarter worth about $136,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Stratasys by 43.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,761 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,753 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.
NASDAQ:SSYS traded up $0.23 during trading hours on Friday, reaching $25.05. The stock had a trading volume of 7,175 shares, compared to its average volume of 469,458. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.85. The stock has a 50 day simple moving average of $24.44 and a 200 day simple moving average of $24.74. Stratasys has a 12-month low of $17.06 and a 12-month high of $30.60. The stock has a market cap of $1.34 billion, a P/E ratio of 109.35, a price-to-earnings-growth ratio of 4.37 and a beta of 1.97.
SSYS has been the subject of a number of recent research reports. ValuEngine raised Stratasys from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. BidaskClub raised Stratasys from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.50.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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