Voxeljet (NYSE:VJET) Announces Quarterly Earnings Results

Voxeljet (NYSE:VJET) posted its quarterly earnings data on Thursday. The technology company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07), Morningstar.com reports. The firm had revenue of $5.68 million for the quarter, compared to the consensus estimate of $5.60 million. Voxeljet had a negative net margin of 36.42% and a negative return on equity of 23.03%. Voxeljet updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.

Shares of VJET traded down $0.04 during mid-day trading on Friday, reaching $1.65. The company had a trading volume of 200 shares, compared to its average volume of 22,778. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.77 and a current ratio of 5.42. The firm has a 50-day moving average price of $1.84 and a 200 day moving average price of $1.99. Voxeljet has a 52 week low of $1.55 and a 52 week high of $4.75. The company has a market capitalization of $41.11 million, a price-to-earnings ratio of -3.17 and a beta of 2.91.

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC lifted its position in Voxeljet by 162.2% in the 2nd quarter. Citadel Advisors LLC now owns 70,230 shares of the technology company’s stock valued at $129,000 after acquiring an additional 43,449 shares in the last quarter. Morgan Stanley lifted its position in Voxeljet by 44.8% in the 2nd quarter. Morgan Stanley now owns 160,687 shares of the technology company’s stock valued at $294,000 after acquiring an additional 49,750 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Voxeljet by 140.5% in the 4th quarter. Bank of America Corp DE now owns 1,660,395 shares of the technology company’s stock valued at $2,823,000 after acquiring an additional 969,960 shares in the last quarter. 21.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on VJET shares. ValuEngine raised Voxeljet from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Voxeljet from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th. Finally, Piper Jaffray Companies dropped their price target on Voxeljet from $5.50 to $4.75 and set an “overweight” rating on the stock in a research report on Monday, May 20th.

About Voxeljet

voxeljet AG provides three-dimensional (3D) printers and on-demand parts services to industrial and commercial customers worldwide. The company operates in two segments, Systems and Services. The Systems segment develops, produces, and sells 3D printers. This segment also offers consumables, including particulate materials and proprietary chemical binding agents, maintenance contracts, and spare parts.

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Earnings History for Voxeljet (NYSE:VJET)

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