Zacks Investment Research upgraded shares of Materialise NV (NASDAQ:MTLS) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “

Several other research firms have also issued reports on MTLS. TheStreet raised shares of Materialise NV from a sell rating to a hold rating in a research report on Wednesday, October 5th. KeyCorp upped their price target on shares of Materialise NV from $6.58 to $10.00 and gave the stock an overweight rating in a research report on Wednesday, September 7th. Piper Jaffray Cos. reaffirmed an overweight rating and set a $8.50 price target (down from $9.00) on shares of Materialise NV in a research report on Monday, August 15th. Finally, Credit Suisse Group AG reaffirmed a buy rating and set a $12.00 price target on shares of Materialise NV in a research report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $9.58.

Materialise NV (NASDAQ:MTLS) opened at 7.68 on Wednesday. The stock’s 50 day moving average is $7.29 and its 200-day moving average is $7.11. Materialise NV has a 12-month low of $5.22 and a 12-month high of $8.89. The company’s market cap is $363.46 million.

Materialise NV (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.00. Materialise NV had a negative return on equity of 3.33% and a negative net margin of 2.47%. The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $31.47 million. During the same period last year, the company posted ($0.06) earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Materialise NV will post ($0.05) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Materialise NV stock. Polar Capital LLP boosted its position in Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,991 shares of the company’s stock after buying an additional 26,212 shares during the period. Polar Capital LLP owned approximately 0.35% of Materialise NV worth $1,191,000 as of its most recent SEC filing. 7.17% of the stock is currently owned by institutional investors and hedge funds.

About Materialise NV

Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.

5 Day Chart for NASDAQ:MTLS

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