Voxeljet (NYSE:VJET) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “voxeljet AG provides 3D printers and on-demand parts services to industrial and commercial customers. The company operates in two segments, Systems and Services. It serves the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product industries. voxeljet AG is headquartered in Friedberg, Germany. “

A number of other analysts have also recently weighed in on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $3.00 price target (down previously from $4.75) on shares of Voxeljet in a research report on Sunday, August 18th. ValuEngine raised Voxeljet from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Shares of NYSE:VJET opened at $2.11 on Friday. Voxeljet has a fifty-two week low of $1.52 and a fifty-two week high of $2.82. The business has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.88. The stock has a market capitalization of $39.06 million, a P/E ratio of -4.06 and a beta of 2.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.45 and a quick ratio of 3.46.

Voxeljet (NYSE:VJET) last announced its quarterly earnings results on Thursday, August 15th. The technology company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Voxeljet had a negative return on equity of 25.28% and a negative net margin of 40.56%. The company had revenue of $5.68 million during the quarter, compared to analyst estimates of $5.60 million. As a group, research analysts expect that Voxeljet will post -0.41 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its position in shares of Voxeljet by 54.6% during the 2nd quarter. Susquehanna International Group LLP now owns 40,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 14,316 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Voxeljet by 162.2% during the 2nd quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock worth $129,000 after purchasing an additional 43,449 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Voxeljet by 44.8% during the 2nd quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock worth $294,000 after purchasing an additional 49,750 shares during the last quarter. 26.88% of the stock is owned by institutional investors.

About Voxeljet

voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.

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