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

Materialise (NASDAQ:MTLS) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Materialise Price Performance

MTLS stock opened at $7.16 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $422.94 million, a price-to-earnings ratio of 37.69 and a beta of 1.11. The company’s fifty day simple moving average is $5.51 and its 200 day simple moving average is $5.36. Materialise has a 12-month low of $4.70 and a 12-month high of $7.56.

Institutional Trading of Materialise

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC grew its holdings in Materialise by 6.9% in the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after purchasing an additional 34,543 shares during the period. Rock Point Advisors LLC grew its stake in shares of Materialise by 4.0% in the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock valued at $3,361,000 after buying an additional 25,637 shares during the period. Ballentine Partners LLC bought a new stake in Materialise in the 3rd quarter valued at about $124,000. Finally, Quintet Private Bank Europe S.A. increased its position in Materialise by 51.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after buying an additional 7,459 shares in the last quarter. Institutional investors and hedge funds 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.