Materialise (NASDAQ:MTLS) Upgraded to “Strong-Buy” at BidaskClub
Several other analysts also recently commented on MTLS. ValuEngine downgraded shares of WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $18.69.
MTLS stock opened at $18.15 on Tuesday. The firm has a fifty day simple moving average of $17.00. Materialise has a 12 month low of $11.16 and a 12 month high of $22.99. The stock has a market cap of $950.70 million, a P/E ratio of 259.29, a price-to-earnings-growth ratio of 8.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.18.
Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its position in Materialise by 9.0% during the fourth quarter. LPL Financial LLC now owns 12,050 shares of the software maker’s stock worth $241,000 after buying an additional 1,000 shares in the last quarter. Legal & General Group Plc purchased a new position in Materialise during the fourth quarter worth approximately $12,413,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Materialise in the first quarter valued at $131,000. Henry James International Management Inc. grew its stake in Materialise by 294.1% during the 1st quarter. Henry James International Management Inc. now owns 39,499 shares of the software maker’s stock worth $622,000 after purchasing an additional 29,477 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its stake in Materialise by 176.0% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 10,992 shares of the software maker’s stock worth $173,000 after purchasing an additional 7,010 shares in the last quarter. 21.93% of the stock is currently owned by institutional investors.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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