BidaskClub upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report published on Tuesday, BidAskClub reports.

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.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Materialise had a net margin of 1.56% and a return on equity of 2.39%. The business had revenue of $52.93 million during the quarter, compared to analysts’ expectations of $53.51 million. As a group, research analysts anticipate that Materialise will post 0.1 EPS for the current year.

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.

About Materialise

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.

See Also: What does the Producer Price Index (PPI) tell investors?

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.