voxeljet AG (VJET) Stake Decreased by UBS Group AG
UBS Group AG cut its stake in voxeljet AG (NYSE:VJET) by 67.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 53,781 shares of the technology company’s stock after selling 109,711 shares during the period. UBS Group AG’s holdings in voxeljet AG were worth $145,000 as of its most recent SEC filing.
Shares of voxeljet AG (VJET) traded up 4.86% during mid-day trading on Friday, hitting $4.10. The stock had a trading volume of 22,804 shares. voxeljet AG has a 12-month low of $2.61 and a 12-month high of $6.00. The stock’s market cap is $76.26 million. The firm’s 50-day moving average price is $4.47 and its 200 day moving average price is $3.85.
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Several brokerages have recently weighed in on VJET. Zacks Investment Research lowered voxeljet AG from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine upgraded voxeljet AG from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Cowen and Company upgraded voxeljet AG from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $3.00 to $5.50 in a report on Monday, May 15th. Piper Jaffray Companies upped their price objective on voxeljet AG from $5.00 to $8.00 and gave the company an “overweight” rating in a report on Wednesday, May 24th. Finally, Citigroup Inc. restated a “buy” rating and issued a $5.00 price objective (up previously from $3.50) on shares of voxeljet AG in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.06.
voxeljet AG Company Profile
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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