Materialise (NASDAQ:MTLS) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Materialise NV (NASDAQ:MTLS) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.71 and traded as high as $6.74. Materialise shares last traded at $6.70, with a volume of 86,161 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Materialise Trading Up 2.9%

The business’s fifty day moving average price is $6.71 and its 200 day moving average price is $5.84. The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $395.77 million, a PE ratio of 33.50 and a beta of 1.34.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Tuesday, March 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter. Materialise had a net margin of 3.77% and a return on equity of 4.05%. The business had revenue of $76.72 million for the quarter. As a group, analysts expect that Materialise NV will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTLS. Credit Agricole S A purchased a new position in shares of Materialise during the 3rd quarter worth $2,166,000. Archon Capital Management LLC grew its position in shares of Materialise by 50.6% in the fourth quarter. Archon Capital Management LLC now owns 654,623 shares of the software maker’s stock valued at $3,633,000 after purchasing an additional 219,995 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Materialise in the fourth quarter valued at $555,000. Quinn Opportunity Partners LLC acquired a new position in Materialise in the fourth quarter valued at $391,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Materialise by 15.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 467,276 shares of the software maker’s stock valued at $2,640,000 after purchasing an additional 61,465 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.