Sumitomo Mitsui Trust Holdings Inc. decreased its position in Markforged Holding Co. (NYSE:MKFG – Free Report) by 11.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,906,594 shares of the company’s stock after selling 915,655 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 3.46% of Markforged worth $5,774,000 as of its most recent SEC filing.
Separately, Citigroup Inc. bought a new stake in Markforged in the third quarter valued at $59,000. Institutional investors and hedge funds own 87.30% of the company’s stock.
Markforged Stock Performance
Shares of Markforged stock opened at $0.46 on Thursday. The company has a current ratio of 2.64, a quick ratio of 2.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $92.71 million, a P/E ratio of -0.75 and a beta of 1.48. The business has a fifty day simple moving average of $0.47 and a two-hundred day simple moving average of $0.63. Markforged Holding Co. has a 12 month low of $0.40 and a 12 month high of $2.30.
Wall Street Analysts Forecast Growth
Separately, Cantor Fitzgerald cut their price target on shares of Markforged from $1.45 to $1.30 and set an “overweight” rating on the stock in a report on Thursday, May 9th.
Check Out Our Latest Report on Markforged
Markforged Company Profile
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.
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