StockNews.com Upgrades Materialise (NASDAQ:MTLS) to Strong-Buy

Materialise (NASDAQ:MTLS) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Separately, Cantor Fitzgerald began coverage on shares of Materialise in a report on Wednesday, April 24th. They issued an “overweight” rating and a $9.50 price objective for the company.

Materialise Price Performance

MTLS stock opened at $5.00 on Tuesday. The firm has a 50 day moving average price of $5.16 and a 200-day moving average price of $5.57. Materialise has a 52-week low of $4.82 and a 52-week high of $9.50. The firm has a market capitalization of $295.35 million, a price-to-earnings ratio of 41.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.75 and a current ratio of 1.91.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.07 earnings per share for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. The company had revenue of $68.80 million during the quarter. Equities research analysts forecast that Materialise will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Materialise

A number of large investors have recently added to or reduced their stakes in MTLS. Parallel Advisors LLC grew its position in Materialise by 290.3% in the 4th quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock worth $28,000 after purchasing an additional 3,167 shares during the period. Signaturefd LLC grew its position in Materialise by 218.1% in the 4th quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock worth $44,000 after purchasing an additional 4,621 shares during the period. Quadrant Capital Group LLC grew its position in Materialise by 308.0% in the 4th quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock worth $112,000 after purchasing an additional 12,879 shares during the period. New York State Common Retirement Fund grew its position in Materialise by 233.5% in the 4th quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock worth $137,000 after purchasing an additional 14,663 shares during the period. Finally, Quintet Private Bank Europe S.A. grew its position in Materialise by 31.2% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 48,708 shares of the software maker’s stock worth $320,000 after purchasing an additional 11,573 shares during the period. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.