Materialise (NASDAQ:MTLS) Rating Lowered to “Buy” at StockNews.com

Materialise (NASDAQ:MTLS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Materialise Trading Down 1.0 %

Shares of Materialise stock opened at $6.14 on Tuesday. Materialise has a 1 year low of $4.70 and a 1 year high of $6.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The firm has a market cap of $362.69 million, a PE ratio of 32.32 and a beta of 1.11. The company has a 50 day simple moving average of $5.32 and a two-hundred day simple moving average of $5.29.

Institutional Investors Weigh In On Materialise

Several hedge funds have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. boosted its position in shares of Materialise by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 5,380 shares during the last quarter. Quintet Private Bank Europe S.A. raised its position in Materialise by 51.4% during 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 purchasing an additional 7,459 shares in the last quarter. Ballentine Partners LLC bought a new position in Materialise during the 3rd quarter worth about $124,000. Rock Point Advisors LLC increased its holdings in Materialise by 4.0% during the second 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. Finally, Acadian Asset Management LLC increased its holdings in shares of Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after acquiring an additional 34,543 shares during the period. Institutional investors 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.