Materialise (NASDAQ:MTLS) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Materialise NV (NASDAQ:MTLS) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.73 and traded as high as $6.94. Materialise shares last traded at $6.80, with a volume of 58,159 shares changing hands.

Analysts Set New Price Targets

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

Materialise Price Performance

The company’s 50-day simple moving average is $6.73 and its 200-day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 2.24. The stock has a market capitalization of $401.68 million, a price-to-earnings ratio of 34.00 and a beta of 1.34.

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

Institutional Trading of Materialise

Several institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Materialise by 116.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after buying an additional 2,546 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Materialise in the fourth quarter valued at about $56,000. Granite Investment Partners LLC acquired a new position in shares of Materialise in the first quarter valued at about $58,000. Osaic Holdings Inc. increased its position in 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 acquiring an additional 10,900 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its position in Materialise by 209.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 13,092 shares of the software maker’s stock worth $73,000 after acquiring an additional 8,861 shares during the period. 19.30% of the stock is currently owned by institutional investors.

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.