Stratasys (NASDAQ:SSYS) Hits New 1-Year Low – Here’s What Happened

Stratasys, Ltd. (NASDAQ:SSYS)’s stock price hit a new 52-week low on Thursday. The company traded as low as $6.72 and last traded at $6.84, with a volume of 62,777 shares. The stock had previously closed at $6.94.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SSYS shares. Zacks Research lowered shares of Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stratasys in a research note on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Stratasys Price Performance

The stock’s fifty day moving average is $7.84 and its two-hundred day moving average is $8.37.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. The firm had revenue of $137.61 million during the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. Analysts expect that Stratasys, Ltd. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Stratasys

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its position in Stratasys by 4.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 59,875 shares of the technology company’s stock valued at $520,000 after purchasing an additional 2,583 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Stratasys in the 2nd quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its position in Stratasys by 860.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,565 shares of the technology company’s stock worth $30,000 after buying an additional 3,194 shares in the last quarter. Parallel Advisors LLC lifted its position in Stratasys by 1,071.4% in the 1st quarter. Parallel Advisors LLC now owns 3,807 shares of the technology company’s stock worth $30,000 after buying an additional 3,482 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of Stratasys by 6.5% during the 3rd quarter. Moody National Bank Trust Division now owns 89,038 shares of the technology company’s stock valued at $740,000 after buying an additional 5,401 shares during the period. Institutional investors own 75.77% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. (NASDAQ: SSYS) is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company’s portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.