Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Materialise NV (MTLS) Share Price
Media stories about Materialise NV (NASDAQ:MTLS) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Materialise NV earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.5276108141692 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Materialise NV (MTLS) traded down 0.83% on Wednesday, reaching $13.19. The company had a trading volume of 6,168 shares. Materialise NV has a 12-month low of $6.15 and a 12-month high of $15.74. The stock’s market capitalization is $624.22 million. The stock’s 50 day moving average price is $13.57 and its 200-day moving average price is $11.60.
Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01. The company had revenue of $33.61 million during the quarter, compared to the consensus estimate of $31.90 million. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Equities analysts expect that Materialise NV will post ($0.02) earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. Piper Jaffray Companies upped their price target on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, September 1st. BidaskClub raised shares of Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Credit Suisse Group upped their price target on shares of Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Materialise NV has a consensus rating of “Buy” and a consensus target price of $13.50.
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Materialise NV 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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