Stratasys (NASDAQ:SSYS) Hits New 1-Year Low – Should You Sell?

Stratasys, Ltd. (NASDAQ:SSYS) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $6.67 and last traded at $6.80, with a volume of 111,081 shares changing hands. The stock had previously closed at $7.03.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Stratasys in a research note on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Stratasys Stock Performance

The stock has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $8.72. The company has a market capitalization of $594.54 million, a PE ratio of -5.05 and a beta of 1.99.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, July 1st. The technology company reported $0.03 earnings per share (EPS) for the quarter. Stratasys had a negative net margin of 21.05% and a negative return on equity of 1.77%. The company had revenue of $137.61 million during the quarter. Sell-side analysts predict that Stratasys, Ltd. will post -0.19 earnings per share for the current year.

Institutional Trading of Stratasys

Large investors have recently made changes to their positions in the business. Rubric Capital Management LP lifted its position in shares of Stratasys by 9.0% during the first quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock worth $62,480,000 after purchasing an additional 659,974 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Stratasys in the first quarter valued at about $11,107,000. Kopion Asset Management LLC grew its position in shares of Stratasys by 11.0% during the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock worth $8,745,000 after buying an additional 104,371 shares during the period. TSP Capital Management Group LLC boosted its stake in Stratasys by 2.1% in the first quarter. TSP Capital Management Group LLC now owns 1,110,850 shares of the technology company’s stock valued at $8,676,000 after acquiring an additional 22,700 shares during the last quarter. Finally, State of Michigan Retirement System bought a new position in shares of Stratasys in the 1st quarter worth $3,905,000. Institutional investors own 75.77% of the company’s stock.

Stratasys Company Profile

Stratasys Ltd. (NASDAQ: SSYS) is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company’s portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.