Materialise (NASDAQ:MTLS) Trading 6.9% Higher

Shares of Materialise NV (NASDAQ:MTLSGet Rating) were up 6.9% on Tuesday . The stock traded as high as $19.04 and last traded at $19.04. Approximately 6,342 shares were traded during trading, a decline of 98% from the average daily volume of 259,831 shares. The stock had previously closed at $17.81.

Several research analysts have issued reports on MTLS shares. Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “sell” rating in a research report on Tuesday, March 1st. StockNews.com began coverage on shares of Materialise in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Bryan, Garnier & Co cut Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Friday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Materialise currently has a consensus rating of “Buy” and an average target price of $27.20.

The company’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $21.50. The company has a quick ratio of 2.64, a current ratio of 2.77 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 75.48 and a beta of 0.63.

Materialise (NASDAQ:MTLSGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Materialise had a return on equity of 6.74% and a net margin of 6.38%. The company had revenue of $64.55 million during the quarter, compared to the consensus estimate of $60.40 million. During the same quarter in the prior year, the company posted $0.04 EPS. On average, equities analysts expect that Materialise NV will post 0.19 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Materialise by 142.2% in the 3rd quarter. US Bancorp DE now owns 1,296 shares of the software maker’s stock worth $26,000 after acquiring an additional 761 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Materialise in the fourth quarter valued at about $26,000. Paragon Capital Management Ltd bought a new stake in Materialise during the 4th quarter worth about $41,000. Banque Cantonale Vaudoise lifted its position in shares of Materialise by 412.6% during the third quarter. Banque Cantonale Vaudoise now owns 2,199 shares of the software maker’s stock worth $44,000 after purchasing an additional 1,770 shares in the last quarter. Finally, Seaport Global Advisors LLC bought a new stake in shares of Materialise during the fourth quarter valued at approximately $81,000. Institutional investors own 40.32% of the company’s stock.

About Materialise (NASDAQ:MTLS)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. It 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.

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