StockNews.com Upgrades Materialise (NASDAQ:MTLS) to Strong-Buy

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

Materialise Price Performance

Shares of MTLS opened at $5.91 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.26. Materialise has a 1-year low of $4.70 and a 1-year high of $6.93. The company has a market cap of $349.10 million, a price-to-earnings ratio of 31.05 and a beta of 1.13.

Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.07 earnings per share for the quarter. The company had revenue of $73.65 million for the quarter. Materialise had a net margin of 3.73% and a return on equity of 5.88%. On average, research analysts forecast that Materialise will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Materialise

Several institutional investors and hedge funds have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Materialise by 2.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 5,380 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Materialise by 6.9% in the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after purchasing an additional 34,543 shares during the last quarter. Rock Point Advisors LLC raised its position in shares of Materialise by 4.0% in the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after purchasing an additional 25,637 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Materialise during the 3rd quarter worth about $124,000. Finally, Quintet Private Bank Europe S.A. lifted its stake in shares of Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after buying an additional 7,459 shares during the last quarter. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

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.