Stratasys (NASDAQ:SSYS) Shares Down 5.4%

Stratasys Ltd (NASDAQ:SSYS) shares fell 5.4% during trading on Tuesday . The company traded as low as $21.68 and last traded at $21.72, 563,719 shares traded hands during trading. An increase of 0% from the average session volume of 561,564 shares. The stock had previously closed at $22.97.

A number of brokerages have recently commented on SSYS. BidaskClub raised shares of Stratasys from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. ValuEngine raised shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. 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 company’s stock. Stratasys currently has an average rating of “Hold” and a consensus price target of $25.50.

The stock’s 50-day moving average price is $23.51 and its 200 day moving average price is $24.50. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 94.43, a price-to-earnings-growth ratio of 3.30 and a beta of 1.97. The company has a quick ratio of 3.02, a current ratio of 3.85 and a debt-to-equity ratio of 0.01.



Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $163.16 million for the quarter, compared to analyst estimates of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, research analysts predict that Stratasys Ltd will post 0.27 EPS for the current year.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Stratasys by 209.3% in the second quarter. JPMorgan Chase & Co. now owns 55,852 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 37,792 shares in the last quarter. Weil Company Inc. raised its position in Stratasys by 20.0% in the first quarter. Weil Company Inc. now owns 15,005 shares of the technology company’s stock worth $357,000 after purchasing an additional 2,500 shares in the last quarter. ETF Managers Group LLC raised its position in Stratasys by 1.9% in the second quarter. ETF Managers Group LLC now owns 43,747 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 833 shares in the last quarter. ARK Investment Management LLC raised its position in Stratasys by 6.2% in the second quarter. ARK Investment Management LLC now owns 7,711,945 shares of the technology company’s stock worth $226,500,000 after purchasing an additional 452,017 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in Stratasys by 34.8% in the second quarter. Alps Advisors Inc. now owns 30,721 shares of the technology company’s stock worth $902,000 after purchasing an additional 7,930 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Stratasys Company Profile (NASDAQ:SSYS)

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.

Read More: Moving Average Convergence Divergence (MACD)

Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.