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

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report released on Monday morning.

Materialise Stock Performance

Shares of NASDAQ:MTLS opened at $5.91 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise has a 12-month low of $4.70 and a 12-month high of $6.93. The company’s 50 day moving average price is $5.28 and its two-hundred day moving average price is $5.26. The firm has a market cap of $349.10 million, a PE ratio of 31.05 and a beta of 1.13.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $73.65 million for the quarter. Materialise had a return on equity of 5.88% and a net margin of 3.73%. Equities research analysts predict that Materialise will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. grew its stake in Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after buying an additional 7,459 shares in the last quarter. Ballentine Partners LLC acquired a new position in Materialise during the third quarter valued at approximately $124,000. Edmond DE Rothschild Holding S.A. lifted its stake 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 worth $1,010,000 after purchasing an additional 5,380 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after purchasing an additional 34,543 shares in the last quarter. Finally, Rock Point Advisors LLC increased its stake in shares of Materialise by 4.0% in the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after purchasing an additional 25,637 shares during the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

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.