Materialise (NASDAQ:MTLS) Lowered to Buy Rating by StockNews.com

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

Materialise Price Performance

Shares of NASDAQ MTLS opened at $6.00 on Thursday. 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 stock has a market capitalization of $354.42 million, a price-to-earnings ratio of 31.58 and a beta of 1.22. The firm’s 50 day simple moving average is $8.01 and its 200-day simple moving average is $6.65. Materialise has a 12 month low of $4.70 and a 12 month high of $9.69.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Materialise had a net margin of 3.73% and a return on equity of 5.88%. Analysts expect that Materialise will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Materialise

Large investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN grew its holdings in Materialise by 0.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after purchasing an additional 8,089 shares during the period. Rock Point Advisors LLC lifted its position in shares of Materialise by 15.9% during 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 in 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 acquiring an additional 64,744 shares during the period. JPMorgan Chase & Co. increased its holdings in Materialise by 747.1% in the 4th quarter. JPMorgan Chase & Co. now owns 349,346 shares of the software maker’s stock worth $2,459,000 after acquiring an additional 308,108 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Materialise by 93.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker’s stock worth $2,454,000 after acquiring an additional 168,850 shares during the period. 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.