Materialise (NASDAQ:MTLS) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Materialise NV (NASDAQ:MTLS) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.60 and traded as high as $6.66. Materialise shares last traded at $6.61, with a volume of 101,562 shares.

Analyst Ratings Changes

Several brokerages have weighed in on MTLS. Cantor Fitzgerald set a $10.00 target price on Materialise and gave the stock an “overweight” rating in a research report on Friday, February 20th. Wall Street Zen lowered Materialise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Stock Performance

The company has a current ratio of 2.42, a quick ratio of 2.24 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $5.57. The company has a market capitalization of $390.45 million, a price-to-earnings ratio of 33.05 and a beta of 1.33.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Tuesday, March 31st. The software maker reported $0.03 EPS for the quarter. The business had revenue of $76.72 million for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%. As a group, sell-side analysts forecast that Materialise NV will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in shares of Materialise by 116.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,546 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Materialise by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock valued at $55,000 after acquiring an additional 5,459 shares during the last quarter. Teton Advisors LLC acquired a new position in shares of Materialise during the 3rd quarter valued at about $56,000. Quadrature Capital Ltd bought a new stake in Materialise during the 4th quarter valued at approximately $56,000. Finally, Granite Investment Partners LLC bought a new stake in Materialise during the 1st quarter valued at approximately $58,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.