voxeljet AG (VJET) Stock Rating Upgraded by ValuEngine
voxeljet AG (NYSE:VJET) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded voxeljet AG from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Wednesday, June 28th. Piper Jaffray Companies boosted their target price on voxeljet AG from $5.00 to $8.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.06.
Shares of voxeljet AG (NYSE VJET) opened at 5.14 on Friday. The company’s market cap is $95.60 million. voxeljet AG has a 12-month low of $2.61 and a 12-month high of $6.00. The company has a 50-day moving average price of $4.04 and a 200-day moving average price of $3.99.
voxeljet AG (NYSE:VJET) last posted its quarterly earnings data on Monday, August 14th. The technology company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.06). voxeljet AG had a negative return on equity of 22.77% and a negative net margin of 55.57%. The business had revenue of $5.66 million during the quarter. On average, analysts predict that voxeljet AG will post ($0.35) earnings per share for the current year.
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Hedge funds have recently modified their holdings of the business. Trent Capital Management Inc. NC bought a new position in shares of voxeljet AG in the second quarter worth $143,000. Symmetry Peak Management LLC bought a new position in shares of voxeljet AG in the second quarter worth $146,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 worth $205,000 after purchasing an additional 9,308 shares during the period. 3.27% of the stock is currently owned by institutional investors and hedge funds.
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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