voxeljet AG (VJET) Announces Quarterly Earnings Results
voxeljet AG (NYSE:VJET) released its earnings results on Monday. The technology company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.06, Morningstar.com reports. voxeljet AG had a negative return on equity of 19.67% and a negative net margin of 48.20%.
voxeljet AG (NYSE VJET) opened at 4.18 on Tuesday. voxeljet AG has a one year low of $2.61 and a one year high of $6.00. The firm has a 50 day moving average of $4.40 and a 200-day moving average of $3.87. The firm’s market cap is $77.75 million.
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Several analysts have commented on VJET shares. Cowen and Company raised shares of voxeljet AG from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $3.00 to $5.50 in a research note on Monday, May 15th. Citigroup Inc. reaffirmed a “buy” rating and issued a $5.00 target price (up from $3.50) on shares of voxeljet AG in a research note on Monday, May 15th. ValuEngine raised shares of voxeljet AG from a “sell” rating to a “hold” rating in a research note on Saturday, May 20th. Piper Jaffray Companies lifted their target price on shares of voxeljet AG from $5.00 to $8.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of voxeljet AG from a “sell” rating to a “hold” rating and set a $6.25 price target on the stock in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.06.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in voxeljet AG by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock valued at $205,000 after buying an additional 9,308 shares in the last quarter. Symmetry Peak Management LLC bought a new position in voxeljet AG during the second quarter valued at $146,000. Finally, Trent Capital Management Inc. NC bought a new position in voxeljet AG during the second quarter valued at $143,000. Hedge funds and other institutional investors own 1.66% of the company’s stock.
About voxeljet AG
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.
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