Materialise (NASDAQ:MTLS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of Materialise from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.67.
MTLS stock opened at $15.10 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.41 and a current ratio of 1.57. Materialise has a 52 week low of $11.23 and a 52 week high of $16.50. The firm has a market cap of $652.62 million, a P/E ratio of -376.75, a price-to-earnings-growth ratio of 12.54 and a beta of 1.54.
Materialise (NASDAQ:MTLS) last released its earnings results on Tuesday, August 7th. The software maker reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Materialise had a net margin of 0.19% and a return on equity of 0.41%. The business had revenue of $52.55 million for the quarter, compared to the consensus estimate of $53.92 million. research analysts expect that Materialise will post 0.05 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in MTLS. ARK Investment Management LLC grew its holdings in Materialise by 20.5% in the 2nd quarter. ARK Investment Management LLC now owns 1,494,142 shares of the software maker’s stock worth $19,394,000 after acquiring an additional 254,681 shares during the last quarter. KBC Group NV bought a new stake in Materialise in the 1st quarter worth $1,410,000. LA Financiere DE L Echiquier grew its holdings in Materialise by 13.3% in the 1st quarter. LA Financiere DE L Echiquier now owns 934,879 shares of the software maker’s stock worth $10,929,000 after acquiring an additional 109,493 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Materialise by 46.9% in the 2nd quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after acquiring an additional 57,300 shares during the last quarter. Finally, Bellevue Group AG bought a new stake in Materialise in the 2nd quarter worth $510,000. 9.84% of the stock is currently owned by institutional investors and hedge funds.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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