Materialise NV (MTLS) Receives Average Rating of “Hold” from Analysts
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.
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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