Materialise (NASDAQ:MTLS) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Materialise (NASDAQ:MTLS) from a buy rating to a hold rating in a report released on Friday.

Materialise Price Performance

Shares of NASDAQ:MTLS opened at $5.26 on Friday. The company has a 50 day moving average of $7.79 and a 200 day moving average of $6.66. The stock has a market cap of $310.69 million, a P/E ratio of 21.04 and a beta of 1.22. Materialise has a 12 month low of $4.70 and a 12 month high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Materialise had a net margin of 5.04% and a return on equity of 5.47%. The business had revenue of $68.24 million during the quarter, compared to analyst estimates of $71.66 million. As a group, sell-side analysts forecast that Materialise will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Materialise

A number of hedge funds have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN boosted its position in Materialise by 0.5% during 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 buying an additional 8,089 shares during the period. Rock Point Advisors LLC raised its holdings in Materialise by 15.9% in the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock worth $4,261,000 after purchasing an additional 106,564 shares in the last quarter. KBC Group NV raised its holdings in Materialise by 18.8% in the 4th quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock worth $2,876,000 after purchasing an additional 64,744 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Materialise by 747.1% in the 4th quarter. JPMorgan Chase & Co. now owns 349,346 shares of the software maker’s stock worth $2,459,000 after purchasing an additional 308,108 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Materialise by 93.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker’s stock worth $2,454,000 after purchasing an additional 168,850 shares in the last quarter. 19.30% of the stock is currently owned by institutional investors.

About Materialise

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.