Materialise (NASDAQ:MTLS) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.

Separately, Cantor Fitzgerald began coverage on shares of Materialise in a report on Wednesday, April 24th. They set an overweight rating and a $9.50 target price on the stock.

Materialise Stock Performance

MTLS opened at $5.02 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.75. The business has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $5.51. Materialise has a 1 year low of $4.70 and a 1 year high of $9.50. The company has a market capitalization of $296.53 million, a PE ratio of 41.84 and a beta of 1.23.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) 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. Research analysts expect that Materialise will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rock Point Advisors LLC increased its holdings in Materialise by 36.8% in the 4th quarter. Rock Point Advisors LLC now owns 519,965 shares of the software maker’s stock valued at $3,414,000 after buying an additional 139,945 shares during the period. ARK Investment Management LLC increased its stake in Materialise by 6.5% in the fourth quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock valued at $12,212,000 after acquiring an additional 113,406 shares during the last quarter. King Luther Capital Management Corp raised its position in Materialise by 150.0% during the fourth quarter. King Luther Capital Management Corp now owns 180,000 shares of the software maker’s stock valued at $1,182,000 after purchasing an additional 108,000 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Materialise by 48.6% during the third quarter. GSA Capital Partners LLP now owns 233,037 shares of the software maker’s stock worth $1,279,000 after purchasing an additional 76,180 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after purchasing an additional 34,543 shares in the last quarter. Institutional investors and hedge funds 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.