Stratasys (NASDAQ:SSYS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $8.40 and traded as high as $8.64. Stratasys shares last traded at $8.51, with a volume of 787,979 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SSYS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research report on Tuesday, August 18th. Zacks Research downgraded Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and a consensus price target of $12.33.

View Our Latest Analysis on SSYS

Stratasys Trading Up 2.6%

The stock has a market capitalization of $735.06 million, a PE ratio of -6.37 and a beta of 1.93. The firm has a 50-day moving average price of $8.13 and a 200-day moving average price of $8.40.

Stratasys (NASDAQ:SSYS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $137.61 million during the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. Sell-side analysts expect that Stratasys, Ltd. will post -0.19 earnings per share for the current fiscal year.

Institutional Trading of Stratasys

A number of large investors have recently bought and sold shares of SSYS. Segall Bryant & Hamill LLC bought a new position in shares of Stratasys during the 1st quarter worth $11,107,000. Rubric Capital Management LP lifted its holdings in Stratasys by 9.0% during the first quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock valued at $62,480,000 after purchasing an additional 659,974 shares during the last quarter. State of Michigan Retirement System bought a new position in Stratasys during the first quarter worth about $3,905,000. Tidal Investments LLC increased its stake in shares of Stratasys by 116.7% in the second quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 69,115 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Stratasys by 11.6% in the fourth quarter. Legal & General Group Plc now owns 1,032,041 shares of the technology company’s stock worth $8,958,000 after purchasing an additional 107,472 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Company Profile

(Get Free Report)

Stratasys Ltd. is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services for industrial, medical, educational and consumer applications. Its technologies are designed to produce prototypes, tooling, production parts and customized products directly from digital designs.

The company’s product portfolio includes polymer-based 3D printers using technologies such as Fused Deposition Modeling, PolyJet and stereolithography.

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