Shares of Materialise NV (NASDAQ:MTLS) have received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.33.
MTLS has been the subject of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 target price on shares of Materialise in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $18.00 price target on shares of Materialise in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Materialise from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, BidaskClub downgraded shares of Materialise from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.
Shares of Materialise (NASDAQ:MTLS) traded down $0.13 during trading hours on Friday, reaching $13.78. 35,629 shares of the company’s stock were exchanged, compared to its average volume of 98,925. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.69. The company has a market capitalization of $658.30, a price-to-earnings ratio of -229.67, a PEG ratio of 3.03 and a beta of 1.74. Materialise has a 12-month low of $7.55 and a 12-month high of $16.50.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in Materialise by 15.0% in the third quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock valued at $2,072,000 after purchasing an additional 18,506 shares in the last quarter. Columbus Circle Investors raised its stake in Materialise by 38.6% in the third quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock valued at $3,424,000 after purchasing an additional 65,499 shares in the last quarter. LA Financiere DE L Echiquier raised its stake in Materialise by 104.5% in the third quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock valued at $9,344,000 after purchasing an additional 327,966 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Materialise in the third quarter valued at approximately $504,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Materialise in the second quarter valued at approximately $283,000. 11.31% of the stock is currently owned by hedge funds and other institutional investors.
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Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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