Materialise (NASDAQ:MTLS) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report published on Thursday.

Separately, Cantor Fitzgerald initiated coverage on shares of Materialise in a research report on Wednesday, April 24th. They set an overweight rating and a $9.50 price objective on the stock.

Materialise Stock Down 0.2 %

Shares of Materialise stock opened at $5.01 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.75 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $5.49. The company has a market cap of $295.93 million, a P/E ratio of 41.75 and a beta of 1.23. Materialise has a 12-month low of $4.70 and a 12-month high of $9.50.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $68.80 million for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. Research analysts anticipate that Materialise will post 0.16 EPS for the current year.

Institutional Trading of Materialise

A number of hedge funds and other institutional investors have recently modified their holdings of MTLS. GSA Capital Partners LLP grew its position in shares of Materialise by 48.6% in the 3rd quarter. GSA Capital Partners LLP now owns 233,037 shares of the software maker’s stock worth $1,279,000 after buying an additional 76,180 shares during the period. ARK Investment Management LLC boosted its stake in Materialise by 6.5% in the 4th quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock worth $12,212,000 after purchasing an additional 113,406 shares in the last quarter. Signaturefd LLC boosted its stake in Materialise by 218.1% in the 4th quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock worth $44,000 after purchasing an additional 4,621 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Materialise by 233.5% in the 4th quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock worth $137,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Rock Point Advisors LLC boosted its stake in Materialise by 36.8% in the 4th quarter. Rock Point Advisors LLC now owns 519,965 shares of the software maker’s stock worth $3,414,000 after purchasing an additional 139,945 shares in the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile

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.