Materialise (NASDAQ:MTLS) Reaches New 52-Week High – Should You Buy?

Materialise NV (NASDAQ:MTLS) shares hit a new 52-week high on Friday. The stock traded as high as $8.48 and last traded at $8.4890, with a volume of 264567 shares. The stock had previously closed at $8.01.

Analyst Upgrades and Downgrades

MTLS has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Materialise in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Materialise Price Performance

The firm has a market cap of $500.62 million, a P/E ratio of 31.37 and a beta of 1.36. The business’s 50 day moving average is $7.00 and its two-hundred day moving average is $6.29. The company has a quick ratio of 2.22, a current ratio of 2.41 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Friday, August 14th. The software maker reported $0.07 EPS for the quarter. Materialise had a return on equity of 5.20% and a net margin of 4.85%.The firm had revenue of $78.90 million during the quarter. As a group, analysts anticipate that Materialise NV will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its holdings in shares of Materialise by 74.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,232 shares of the software maker’s stock worth $41,000 after acquiring an additional 3,506 shares during the last quarter. QRG Capital Management Inc. bought a new position in Materialise during the 2nd quarter worth approximately $81,000. Granite Investment Partners LLC purchased a new position in shares of Materialise in the first quarter worth $58,000. AXQ Capital LP bought a new stake in shares of Materialise in the second quarter worth about $118,000. Finally, Engineers Gate Manager LP increased its stake in shares of Materialise by 175.0% in the 2nd quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after acquiring an additional 22,098 shares in the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile

Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions help organizations design, prepare, manage and produce three-dimensional parts and products across a range of industrial and healthcare applications.

The company’s offerings include additive manufacturing software, engineering and manufacturing services, and medical solutions. Its medical business provides software and services used to create patient-specific anatomical models, surgical guides, implants and other applications that support planning and treatment.