Materialise (NASDAQ:MTLS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Other research analysts have also recently issued research reports about the company. TheStreet raised Materialise from a “c+” rating to a “b-” rating in a research report on Thursday, September 13th. BidaskClub raised Materialise from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Zacks Investment Research raised Materialise from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Materialise presently has a consensus rating of “Buy” and an average target price of $18.00.
Shares of NASDAQ:MTLS opened at $13.64 on Wednesday. The company has a market cap of $610.97 million, a P/E ratio of -341.00, a P/E/G ratio of 11.74 and a beta of 1.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.41 and a current ratio of 1.57. Materialise has a 12-month low of $11.16 and a 12-month high of $16.20.
A number of hedge funds have recently bought and sold shares of MTLS. Bellevue Group AG purchased a new position in Materialise in the second quarter worth $510,000. Wells Fargo & Company MN boosted its position in Materialise by 5.4% in the first quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock worth $1,211,000 after purchasing an additional 5,263 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Materialise in the third quarter worth $1,829,000. KBC Group NV boosted its position in Materialise by 46.6% in the second quarter. KBC Group NV now owns 176,801 shares of the software maker’s stock worth $2,295,000 after purchasing an additional 56,160 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Materialise by 46.9% in the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after purchasing an additional 57,300 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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