Materialise (NASDAQ:MTLS) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Materialise (NASDAQ:MTLS) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

Materialise Price Performance

Shares of NASDAQ:MTLS opened at $6.04 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise has a fifty-two week low of $4.70 and a fifty-two week high of $6.93. The firm has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $5.29. The company has a market cap of $356.76 million, a PE ratio of 31.79 and a beta of 1.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. grew its position in Materialise by 51.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares during the last quarter. Ballentine Partners LLC bought a new position in Materialise in the 3rd quarter worth about $124,000. Edmond DE Rothschild Holding S.A. grew its position in Materialise by 2.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock worth $1,010,000 after purchasing an additional 5,380 shares during the last quarter. Acadian Asset Management LLC grew its position in Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after purchasing an additional 34,543 shares during the last quarter. Finally, Rock Point Advisors LLC grew its position in Materialise by 4.0% in the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock worth $3,361,000 after purchasing an additional 25,637 shares during the last quarter. Institutional investors own 19.30% of the company’s stock.

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.