Shares of Materialise NV (NASDAQ:MTLS) have been given an average recommendation of “Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.54.

Several brokerages have weighed in on MTLS. BidaskClub raised Materialise from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 16th. Zacks Investment Research lowered Materialise from a “hold” rating to a “strong sell” rating in a research report on Friday, August 9th. TheStreet raised Materialise from a “c” rating to a “b” rating in a research report on Tuesday, August 6th. Finally, ValuEngine raised Materialise from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th.

MTLS traded down $0.65 during trading hours on Friday, hitting $17.30. 73,057 shares of the stock were exchanged, compared to its average volume of 143,315. The stock has a 50-day simple moving average of $18.48. Materialise has a 12 month low of $11.16 and a 12 month high of $22.99. The firm has a market capitalization of $929.74 million, a PE ratio of 247.14, a price-to-earnings-growth ratio of 13.65 and a beta of 0.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.02 and a current ratio of 2.14.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). Materialise had a return on equity of 1.67% and a net margin of 1.19%. The firm had revenue of $55.08 million for the quarter, compared to the consensus estimate of $54.53 million. As a group, equities research analysts anticipate that Materialise will post 0.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC increased its position in Materialise by 8.0% in the second quarter. Private Advisor Group LLC now owns 24,845 shares of the software maker’s stock worth $485,000 after buying an additional 1,830 shares during the period. Aperio Group LLC acquired a new position in shares of Materialise during the second quarter valued at $38,000. HighTower Advisors LLC increased its holdings in shares of Materialise by 25.2% during the second quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock valued at $338,000 after purchasing an additional 3,500 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Materialise by 40.9% during the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock valued at $270,000 after purchasing an additional 4,015 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Materialise by 176.0% during the first quarter. Nikko Asset Management Americas Inc. now owns 10,992 shares of the software maker’s stock valued at $173,000 after purchasing an additional 7,010 shares during the period. 24.23% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Company Profile

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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