Materialise (NASDAQ:MTLS) Cut to Hold at Zacks Research

Materialise (NASDAQ:MTLS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on MTLS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materialise in a report on Monday. Wall Street Zen upgraded Materialise from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Materialise Stock Performance

Materialise stock opened at $5.51 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.37. Materialise has a 12 month low of $3.93 and a 12 month high of $9.69. The stock’s 50 day simple moving average is $5.88 and its two-hundred day simple moving average is $5.63.

Materialise (NASDAQ:MTLS) last posted its earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Materialise had a net margin of 1.65% and a return on equity of 1.75%. The firm had revenue of $77.76 million during the quarter, compared to analyst estimates of $65.35 million. On average, equities analysts expect that Materialise will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

Institutional investors have recently bought and sold shares of the company. Teton Advisors LLC acquired a new position in shares of Materialise during the third quarter valued at approximately $56,000. Candriam S.C.A. purchased a new stake in shares of Materialise during the second quarter worth approximately $57,000. Osaic Holdings Inc. increased its position in shares of Materialise by 1,453.3% during the second quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock worth $66,000 after purchasing an additional 10,900 shares in the last quarter. NewEdge Advisors LLC raised its stake in Materialise by 19,063.2% in the 2nd quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock valued at $74,000 after purchasing an additional 12,963 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Materialise in the 1st quarter valued at $75,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Materialise Company Profile

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.