Materialise (NASDAQ:MTLS) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Materialise NV (NASDAQ:MTLS)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $7.37 and traded as high as $8.56. Materialise shares last traded at $8.50, with a volume of 118,431 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Weiss Ratings raised shares of Materialise from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Finally, DA Davidson began coverage on shares of Materialise in a report on Tuesday, September 29th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Materialise Stock Performance

The company has a market capitalization of $490.26 million, a price-to-earnings ratio of 30.74 and a beta of 1.33. The company has a current ratio of 2.41, a quick ratio of 2.22 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $7.41 and a 200-day simple moving average of $6.52.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Friday, August 14th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $78.90 million during the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. On average, analysts anticipate that Materialise NV will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MTLS. GAMMA Investing LLC boosted its holdings in shares of Materialise by 33.2% in the 3rd quarter. GAMMA Investing LLC now owns 10,892 shares of the software maker’s stock valued at $93,000 after buying an additional 2,716 shares during the period. QRG Capital Management Inc. acquired a new stake in Materialise during the second quarter worth about $81,000. Engineers Gate Manager LP lifted its holdings in Materialise by 175.0% in the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after acquiring an additional 22,098 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after acquiring an additional 24,759 shares during the period. Finally, AXQ Capital LP acquired a new position in Materialise in the second quarter valued at approximately $118,000. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV is a Belgium-based technology company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions support the design, preparation, management and production of three-dimensional parts and devices across healthcare, manufacturing and other industrial applications.

The company’s software portfolio includes platforms and applications for preparing 3D-printing files, processing medical imaging data, creating anatomical models and managing production workflows.