voxeljet AG (VJET) Issues Earnings Results, Misses Expectations By $0.06 EPS
voxeljet AG (NYSE:VJET) announced its quarterly earnings results on Monday. The technology company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.06, Morningstar.com reports. voxeljet AG had a negative return on equity of 19.67% and a negative net margin of 48.20%. The business had revenue of $5.66 million for the quarter.
voxeljet AG (NYSE VJET) opened at 4.18 on Tuesday. The firm’s market cap is $77.75 million. voxeljet AG has a one year low of $2.61 and a one year high of $6.00. The firm has a 50-day moving average of $4.40 and a 200-day moving average of $3.87.
Several hedge funds and other institutional investors have recently made changes to their positions in VJET. Trent Capital Management Inc. NC acquired a new position in shares of voxeljet AG during the second quarter valued at approximately $143,000. Bank of New York Mellon Corp raised its position in shares of voxeljet AG by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock valued at $205,000 after buying an additional 9,308 shares during the period. Finally, Symmetry Peak Management LLC acquired a new position in shares of voxeljet AG during the second quarter valued at approximately $146,000. Institutional investors own 1.66% of the company’s stock.
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VJET has been the subject of a number of research reports. Cowen and Company raised shares of voxeljet AG from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $3.00 to $5.50 in a research report on Monday, May 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $5.00 price target (up from $3.50) on shares of voxeljet AG in a research report on Monday, May 15th. Piper Jaffray Companies upped their price target on shares of voxeljet AG from $5.00 to $8.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 24th. ValuEngine raised shares of voxeljet AG from a “sell” rating to a “hold” rating in a research report on Saturday, May 20th. Finally, Zacks Investment Research raised shares of voxeljet AG from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Wednesday, June 28th. One 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. The company currently has an average rating of “Hold” and a consensus price target of $6.06.
About voxeljet AG
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.
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