Materialise NV (NASDAQ:MTLS) has earned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.33.
A number of brokerages have recently issued reports on MTLS. BidaskClub upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th.
Shares of Materialise stock traded down $0.25 during trading on Wednesday, reaching $11.44. The company had a trading volume of 15,223 shares, compared to its average volume of 68,069. The firm has a market cap of $553.23, a PE ratio of -286.00, a price-to-earnings-growth ratio of 5.31 and a beta of 1.61. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.37 and a current ratio of 1.55. Materialise has a fifty-two week low of $8.78 and a fifty-two week high of $16.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LA Financiere DE L Echiquier raised its stake in Materialise by 28.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 825,386 shares of the software maker’s stock worth $10,491,000 after acquiring an additional 183,648 shares during the period. ARK Investment Management LLC raised its stake in Materialise by 51.4% during the fourth quarter. ARK Investment Management LLC now owns 738,284 shares of the software maker’s stock worth $9,384,000 after acquiring an additional 250,608 shares during the period. Royce & Associates LP raised its stake in Materialise by 5.5% during the fourth quarter. Royce & Associates LP now owns 478,577 shares of the software maker’s stock worth $6,083,000 after acquiring an additional 25,000 shares during the period. Driehaus Capital Management LLC raised its stake in Materialise by 14.5% during the fourth quarter. Driehaus Capital Management LLC now owns 335,694 shares of the software maker’s stock worth $4,267,000 after acquiring an additional 42,618 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Materialise by 15.0% during the third quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock worth $2,072,000 after acquiring an additional 18,506 shares during the period. Hedge funds and other institutional investors own 11.22% of the company’s stock.
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Materialise Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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