Materialise (NASDAQ:MTLS) Stock Rating Lowered by Wall Street Zen

Materialise (NASDAQ:MTLS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the company. DA Davidson initiated coverage on Materialise in a research report on Tuesday, September 29th. They set a “buy” rating on the stock. Weiss Ratings raised Materialise from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Materialise currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Materialise Stock Performance

Shares of NASDAQ MTLS opened at $7.18 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.22 and a debt-to-equity ratio of 0.23. Materialise has a 12 month low of $4.78 and a 12 month high of $8.82. The company has a 50 day simple moving average of $7.83 and a two-hundred day simple moving average of $6.39. The stock has a market cap of $424.12 million, a price-to-earnings ratio of 27.85 and a beta of 1.33.

Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Wednesday, October 28th. The software maker reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Materialise had a net margin of 4.68% and a return on equity of 4.99%. The firm had revenue of $76.65 million for the quarter, compared to analyst estimates of $78.13 million. As a group, analysts predict that Materialise will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

Several large investors have recently made changes to their positions in MTLS. GAMMA Investing LLC boosted its holdings in Materialise by 33.2% during the third quarter. GAMMA Investing LLC now owns 10,892 shares of the software maker’s stock worth $93,000 after buying an additional 2,716 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Materialise during the second quarter valued at $81,000. Engineers Gate Manager LP increased its holdings in Materialise by 175.0% in the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock valued at $258,000 after buying an additional 22,098 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after buying an additional 24,759 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in Materialise in the second quarter valued at $118,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

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 technologies are used by manufacturers, medical professionals and researchers to design, prepare, manage and produce three-dimensional parts and devices.

The company’s software portfolio includes solutions such as Magics for preparing and managing 3D-printing jobs, the Mimics Innovation Suite for processing medical imaging data and creating patient-specific models, and 3-matic for advanced design and engineering applications.