Materialise (NASDAQ:MTLS) Hits New 1-Year High – What’s Next?

Materialise NV (NASDAQ:MTLS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $8.56 and last traded at $8.55, with a volume of 130028 shares changing hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

Materialise Price Performance

The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $7.67 and a 200 day moving average of $6.34. The firm has a market cap of $495.01 million, a P/E ratio of 44.11 and a beta of 1.20.

Institutional Investors Weigh In On Materialise

Hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC acquired a new position in shares of Materialise in the fourth quarter valued at $756,000. Rock Point Advisors LLC grew its stake in Materialise by 15.9% in the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock valued at $4,261,000 after buying an additional 106,564 shares during the last quarter. KBC Group NV grew its stake in Materialise by 18.8% in the 4th quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock valued at $2,876,000 after buying an additional 64,744 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Materialise by 1,589.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock valued at $226,000 after acquiring an additional 38,797 shares during the period. Finally, Retireful LLC acquired a new stake in Materialise during the fourth quarter worth approximately $161,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

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.