Stratasys (NASDAQ:SSYS) Reaches New 52-Week Low – Should You Sell?

Stratasys, Ltd. (NASDAQ:SSYS)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $7.30 and last traded at $7.2590, with a volume of 60,945 shares changing hands. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Several brokerages have weighed in on SSYS. Zacks Research downgraded Stratasys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and an average price target of $12.33.

Stratasys Trading Down 2.6%

The company’s 50-day moving average is $8.16 and its two-hundred day moving average is $8.42. The firm has a market cap of $642.46 million, a P/E ratio of -5.44 and a beta of 1.99.

Stratasys (NASDAQ:SSYS) last announced 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 return on equity of 1.77% and a negative net margin of 21.05%. The business had revenue of $137.61 million during the quarter. Research analysts anticipate that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSYS. Segall Bryant & Hamill LLC bought a new position in Stratasys in the 1st quarter worth approximately $11,107,000. Rubric Capital Management LP raised its stake in Stratasys by 9.0% during the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock valued at $62,480,000 after acquiring an additional 659,974 shares in the last quarter. State of Michigan Retirement System bought a new stake in Stratasys during the 1st quarter valued at $3,905,000. Kopion Asset Management LLC boosted its position in 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 acquiring an additional 104,371 shares during the period. Finally, Tidal Investments LLC boosted its position in Stratasys by 116.7% during the 2nd quarter. Tidal Investments LLC now owns 128,353 shares of the technology company’s stock worth $1,099,000 after acquiring an additional 69,115 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Stratasys Company Profile

Stratasys Ltd. (NASDAQ: SSYS) is a manufacturer of polymer 3D printing systems and related production solutions. The company develops and sells additive manufacturing platforms, printing materials, software and services designed to support prototyping, tooling and the production of end-use parts.

Its product portfolio includes systems based on technologies such as fused deposition modeling, PolyJet, stereolithography, selective absorption fusion and other polymer additive manufacturing processes.