Voxeljet (VJET) Upgraded by Zacks Investment Research to Buy

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Zacks Investment Research upgraded shares of Voxeljet (NYSE:VJET) from a sell rating to a buy rating in a research note issued to investors on Friday morning, Zacks.com reports. They currently have $2.50 target price on the technology company’s stock.

According to Zacks, “voxeljet AG provides 3D printers and on-demand parts services to industrial and commercial customers. The company operates in two segments, Systems and Services. It serves the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product industries. voxeljet AG is headquartered in Friedberg, Germany. “

Shares of VJET stock opened at $2.10 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 4.42. The firm has a market cap of $39.06 million, a P/E ratio of -4.04 and a beta of 3.29. Voxeljet has a 12 month low of $1.55 and a 12 month high of $4.75.

Voxeljet (NYSE:VJET) last issued its earnings results on Thursday, March 28th. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $9.79 million during the quarter, compared to the consensus estimate of $11.37 million. Voxeljet had a negative net margin of 32.88% and a negative return on equity of 20.56%. On average, sell-side analysts anticipate that Voxeljet will post -0.3 earnings per share for the current year.

A hedge fund recently raised its stake in Voxeljet stock. Bank of America Corp DE raised its stake in Voxeljet AG (NYSE:VJET) by 140.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,660,395 shares of the technology company’s stock after acquiring an additional 969,960 shares during the period. Bank of America Corp DE owned 8.93% of Voxeljet worth $2,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 28.40% of the company’s stock.

About Voxeljet

voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.

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