Materialise (NASDAQ:MTLS) Sets New 52-Week High – Time to Buy?

Materialise NV (NASDAQ:MTLS) shares hit a new 52-week high during trading on Thursday . The company traded as high as $9.28 and last traded at $9.22, with a volume of 136623 shares trading hands. The stock had previously closed at $8.98.

Analysts Set New Price Targets

Separately, StockNews.com raised Materialise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

Materialise Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The stock’s 50 day moving average is $7.92 and its two-hundred day moving average is $6.54. The firm has a market cap of $555.85 million, a P/E ratio of 49.53 and a beta of 1.22.

Institutional Trading of Materialise

Large investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after buying an additional 2,473 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Materialise by 9.3% in the fourth quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock valued at $228,000 after buying an additional 2,750 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after buying an additional 3,875 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after acquiring an additional 7,459 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in Materialise by 0.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after acquiring an additional 8,089 shares in the last quarter. 19.30% of the stock is currently owned by institutional investors.

Materialise Company Profile

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.