voxeljet AG (VJET) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of voxeljet AG (NYSE:VJET) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered voxeljet AG from a buy rating to a hold rating in a research report on Wednesday, July 19th. Piper Jaffray Companies reissued a buy rating and issued a $8.00 target price on shares of voxeljet AG in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $6.17.

Shares of voxeljet AG (NYSE VJET) opened at 5.21 on Tuesday. The stock’s market capitalization is $96.91 million. voxeljet AG has a 12 month low of $2.61 and a 12 month high of $6.37. The firm’s 50-day moving average price is $4.78 and its 200-day moving average price is $4.34.

voxeljet AG (NYSE:VJET) last released its quarterly earnings data on Monday, August 14th. The technology company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). voxeljet AG had a negative net margin of 55.57% and a negative return on equity of 22.77%. The business had revenue of $5.66 million during the quarter. On average, equities research analysts forecast that voxeljet AG will post ($0.35) EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. Symmetry Peak Management LLC purchased a new position in voxeljet AG in the second quarter valued at about $146,000. Bank of New York Mellon Corp increased its stake in shares of voxeljet AG by 24.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,946 shares of the technology company’s stock worth $205,000 after purchasing an additional 9,308 shares in the last quarter. Finally, Trent Capital Management Inc. NC purchased a new position in shares of voxeljet AG during the 2nd quarter worth approximately $143,000. 3.27% of the stock is owned by institutional investors.

About voxeljet AG

Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.

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