Materialise (NASDAQ:MTLS) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Materialise (NASDAQ:MTLSFree Report) from a buy rating to a strong-buy rating in a report issued on Monday.

Separately, Cantor Fitzgerald assumed coverage on shares of Materialise in a research note on Wednesday, April 24th. They set an overweight rating and a $9.50 price objective on the stock.

View Our Latest Stock Report on MTLS

Materialise Trading Down 1.5 %

Shares of Materialise stock opened at $5.14 on Monday. The stock has a market cap of $303.62 million, a PE ratio of 42.84 and a beta of 1.25. The firm has a fifty day moving average price of $5.17 and a 200 day moving average price of $5.72. Materialise has a 1 year low of $4.82 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.75.

Materialise (NASDAQ:MTLSGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 4.51% and a net margin of 2.55%. The business had revenue of $68.80 million during the quarter. Equities research analysts predict that Materialise will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

A number of large investors have recently bought and sold shares of MTLS. Quintet Private Bank Europe S.A. increased its position in shares of Materialise by 5.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock valued at $204,000 after buying an additional 1,837 shares in the last quarter. Parallel Advisors LLC increased its holdings in Materialise by 290.3% in the 4th quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock worth $28,000 after acquiring an additional 3,167 shares in the last quarter. Signaturefd LLC raised its position in Materialise by 218.1% during the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock worth $44,000 after acquiring an additional 4,621 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in Materialise by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock valued at $1,010,000 after purchasing an additional 5,380 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Materialise by 308.0% in the fourth quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock valued at $112,000 after purchasing an additional 12,879 shares during the period. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

(Get Free Report)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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