Materialise (NASDAQ:MTLS) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Materialise (NASDAQ:MTLS) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on MTLS. Wall Street Zen upgraded Materialise from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Materialise in a report on Monday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Materialise presently has a consensus rating of “Hold”.

Materialise Stock Performance

MTLS opened at $5.51 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.37. Materialise has a 52-week low of $3.93 and a 52-week high of $9.69. The firm’s 50-day moving average price is $5.88 and its 200-day moving average price is $5.63.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Materialise had a net margin of 1.65% and a return on equity of 1.75%. The business had revenue of $77.76 million during the quarter, compared to analysts’ expectations of $65.35 million. Analysts predict that Materialise will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

Institutional investors have recently modified their holdings of the stock. Teton Advisors LLC acquired a new position in shares of Materialise in the 3rd quarter valued at about $56,000. Candriam S.C.A. purchased a new position in Materialise during the second quarter valued at approximately $57,000. Osaic Holdings Inc. lifted its holdings in Materialise by 1,453.3% in the second quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after acquiring an additional 10,900 shares during the period. NewEdge Advisors LLC lifted its holdings in Materialise by 19,063.2% in the second quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock valued at $74,000 after acquiring an additional 12,963 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Materialise in the 1st quarter worth approximately $75,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.