BidaskClub downgraded shares of Materialise (NASDAQ:MTLS) from a hold rating to a sell rating in a report released on Thursday.

Several other research analysts also recently issued reports on MTLS. Piper Jaffray Companies reaffirmed a buy rating and issued a $20.00 price objective on shares of Materialise in a research note on Friday, October 13th. Zacks Investment Research downgraded Materialise from a buy rating to a hold rating in a research note on Wednesday, September 6th. Finally, KeyCorp reaffirmed a buy rating and issued a $18.00 price objective on shares of Materialise in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.40.

Materialise (MTLS) opened at $13.68 on Thursday. Materialise has a 52 week low of $7.25 and a 52 week high of $16.50. The company has a current ratio of 1.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61.

A number of hedge funds have recently made changes to their positions in MTLS. Renaissance Technologies LLC boosted its holdings in Materialise by 32.1% in the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock valued at $869,000 after acquiring an additional 23,200 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Materialise in the second quarter valued at approximately $106,000. Bank of New York Mellon Corp boosted its holdings in Materialise by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock valued at $829,000 after acquiring an additional 14,233 shares during the last quarter. Blair William & Co. IL boosted its holdings in Materialise by 2.3% in the second quarter. Blair William & Co. IL now owns 67,800 shares of the software maker’s stock valued at $805,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Columbus Circle Investors bought a new stake in Materialise in the second quarter valued at approximately $2,014,000. Institutional investors and hedge funds own 11.97% of the company’s stock.

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Materialise Company Profile

Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.

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