Materialise (NASDAQ:MTLS) Rating Increased 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 report released on Monday morning.

Materialise Trading Up 7.2 %

NASDAQ:MTLS opened at $6.39 on Monday. Materialise has a 12 month low of $4.70 and a 12 month high of $6.93. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $5.23 and its 200 day moving average is $5.24. The stock has a market capitalization of $377.46 million, a PE ratio of 33.63 and a beta of 1.13.

Materialise (NASDAQ:MTLS) last issued its earnings results on Wednesday, July 31st. The software maker reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $73.65 million for the quarter. Materialise had a return on equity of 5.88% and a net margin of 3.73%. Sell-side analysts expect that Materialise will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

Several large investors have recently modified their holdings of MTLS. Edmond DE Rothschild Holding S.A. lifted its stake 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 buying an additional 5,380 shares in the last quarter. Acadian Asset Management LLC grew its stake in 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 buying an additional 34,543 shares in the last quarter. Rock Point Advisors LLC raised its holdings in Materialise by 4.0% during the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after acquiring an additional 25,637 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Materialise during the third quarter worth $124,000. Hedge funds and other 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.