Materialise NV (NASDAQ:MTLS) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.50.

MTLS has been the subject of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $20.00 price objective on shares of Materialise in a research report on Friday, October 13th. BidaskClub cut Materialise from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut Materialise from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, KeyCorp reaffirmed a “buy” rating and set a $18.00 price objective on shares of Materialise in a research report on Friday, November 10th.

Shares of Materialise (MTLS) traded up $0.12 during midday trading on Monday, reaching $13.80. The company’s stock had a trading volume of 60,393 shares, compared to its average volume of 62,772. The company has a current ratio of 1.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.61. Materialise has a 12 month low of $7.25 and a 12 month high of $16.50.

Several large investors have recently added to or reduced their stakes in the company. LA Financiere DE L Echiquier boosted its position in shares of Materialise by 104.5% during the 3rd quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock worth $9,344,000 after acquiring an additional 327,966 shares in the last quarter. Royce & Associates LP boosted its position in shares of Materialise by 3.3% during the 2nd quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock worth $5,384,000 after acquiring an additional 14,577 shares in the last quarter. Ark Investment Management LLC boosted its position in shares of Materialise by 62.3% during the 2nd quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after acquiring an additional 103,542 shares in the last quarter. Columbus Circle Investors boosted its position in shares of Materialise by 38.6% during the 3rd quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock worth $3,424,000 after acquiring an additional 65,499 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Materialise by 15.0% during the 3rd quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock worth $2,072,000 after acquiring an additional 18,506 shares in the last quarter. 11.97% of the stock is owned by institutional investors and hedge funds.

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About Materialise

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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