Materialise (NASDAQ:MTLS) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Materialise NV (NASDAQ:MTLS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.23 and traded as low as $4.97. Materialise shares last traded at $5.00, with a volume of 49,911 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th.

Materialise Trading Up 1.8 %

The business’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.68. The firm has a market cap of $300.65 million, a price-to-earnings ratio of 42.42 and a beta of 1.13.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.07 earnings per share for the quarter. The business had revenue of $73.65 million during the quarter. Materialise had a net margin of 4.21% and a return on equity of 6.29%. Equities analysts expect that Materialise NV will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

A number of institutional investors have recently bought and sold shares of MTLS. Acadian Asset Management LLC grew its holdings in 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 period. Rock Point Advisors LLC grew its stake in Materialise by 4.0% during the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock worth $3,361,000 after buying an additional 25,637 shares during the period. Quintet Private Bank Europe S.A. grew its stake in Materialise by 31.2% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 48,708 shares of the software maker’s stock worth $320,000 after buying an additional 11,573 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its stake in Materialise by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock worth $1,010,000 after buying an additional 5,380 shares during the period. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

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.