Materialise (NASDAQ:MTLS) Stock Rating Upgraded by StockNews.com

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

Materialise Price Performance

Shares of NASDAQ MTLS opened at $6.17 on Monday. 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 business has a 50-day moving average of $5.27 and a 200-day moving average of $5.25. The stock has a market capitalization of $364.46 million, a price-to-earnings ratio of 32.48 and a beta of 1.13. Materialise has a fifty-two week low of $4.70 and a fifty-two week high of $6.93.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 5.88% and a net margin of 3.73%. The firm had revenue of $73.65 million during the quarter. As a group, sell-side analysts predict that Materialise will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Materialise

Institutional investors have recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. lifted its stake in Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after acquiring an additional 7,459 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Materialise in the 3rd quarter valued at about $124,000. Edmond DE Rothschild Holding S.A. grew 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 worth $1,010,000 after purchasing an additional 5,380 shares during the period. Acadian Asset Management LLC raised its stake in Materialise by 6.9% in the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after buying an additional 34,543 shares during the period. Finally, Rock Point Advisors LLC lifted its position in shares of Materialise by 4.0% in the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after buying an additional 25,637 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.

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.