Materialise (NASDAQ:MTLS) Shares Cross Below 200 Day Moving Average of $5.46

Materialise NV (NASDAQ:MTLS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.46 and traded as low as $4.71. Materialise shares last traded at $4.73, with a volume of 49,589 shares traded.

Analysts Set New Price Targets

MTLS has been the subject of several recent analyst reports. Cantor Fitzgerald began coverage on shares of Materialise in a report on Wednesday, April 24th. They issued an “overweight” rating and a $9.50 target price for the company. StockNews.com raised Materialise from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

Materialise Trading Down 0.9 %

The stock has a market cap of $279.09 million, a P/E ratio of 39.38 and a beta of 1.13. The stock’s 50-day moving average is $5.12 and its two-hundred day moving average is $5.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 1.75.

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

Hedge Funds Weigh In On Materialise

Institutional investors have recently bought and sold shares of the business. ARK Investment Management LLC raised its position in shares of Materialise by 6.5% during the 4th quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock valued at $12,212,000 after buying an additional 113,406 shares in the last quarter. Acadian Asset Management LLC raised its position in Materialise by 6.9% during the first 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 during the period. Rock Point Advisors LLC lifted its stake in shares of 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 purchasing an additional 139,945 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Materialise by 48.6% in the 3rd 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 period. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Materialise by 2.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock valued at $1,010,000 after purchasing an additional 5,380 shares during the last quarter. Institutional investors own 19.30% of the company’s stock.

About Materialise

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.