Materialise (MTLS) Trading Down 13.4%

Materialise NV (NASDAQ:MTLS)’s share price was down 13.4% on Thursday . The stock traded as low as $16.25 and last traded at $18.97. Approximately 1,741,549 shares were traded during trading, an increase of 154% from the average daily volume of 686,821 shares. The stock had previously closed at $21.90.

Several equities analysts have recently weighed in on MTLS shares. BidaskClub raised shares of Materialise from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. ValuEngine raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 20th. Zacks Investment Research raised shares of Materialise from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, November 2nd. TheStreet raised shares of Materialise from a “c+” rating to a “b-” rating in a research note on Thursday, September 13th. Finally, KBC Securities cut shares of Materialise from a “buy” rating to a “hold” rating and set a $20.07 price target for the company. in a research note on Friday, December 28th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.54.

The company has a market capitalization of $974.43 million, a price-to-earnings ratio of -474.25, a P/E/G ratio of 3.74 and a beta of 0.35. The company has a current ratio of 2.42, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Wednesday, October 31st. The software maker reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $54.10 million during the quarter, compared to analysts’ expectations of $53.11 million. Materialise had a net margin of 2.20% and a return on equity of 4.39%. On average, equities analysts predict that Materialise NV will post 0.1 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of MTLS. ARK Investment Management LLC grew its stake in shares of Materialise by 69.5% during the 3rd quarter. ARK Investment Management LLC now owns 2,533,004 shares of the software maker’s stock worth $34,955,000 after acquiring an additional 1,038,862 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Materialise by 401.7% in the 3rd quarter. Primecap Management Co. CA now owns 837,833 shares of the software maker’s stock valued at $11,562,000 after buying an additional 670,843 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Materialise in the 3rd quarter valued at approximately $3,951,000. Bellevue Group AG boosted its holdings in shares of Materialise by 435.8% in the 3rd quarter. Bellevue Group AG now owns 210,731 shares of the software maker’s stock valued at $2,908,000 after buying an additional 171,402 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Materialise in the 3rd quarter valued at approximately $1,829,000. 16.57% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Materialise (MTLS) Trading Down 13.4%” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2019/01/10/materialise-mtls-trading-down-13-4.html.

Materialise Company Profile (NASDAQ:MTLS)

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.

Featured Article: What is a good rate of return for a mutual fund?

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply