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

Materialise (NASDAQ:MTLS) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Materialise Stock Performance

Materialise stock opened at $5.90 on Thursday. The business has a 50 day moving average of $7.97 and a 200-day moving average of $6.65. The company has a market capitalization of $348.51 million, a P/E ratio of 31.05 and a beta of 1.22. Materialise has a 1 year low of $4.70 and a 1 year high of $9.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $68.24 million during the quarter, compared to the consensus estimate of $71.66 million. Materialise had a net margin of 3.73% and a return on equity of 5.88%. On average, equities research analysts predict that Materialise will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

A number of institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP acquired a new position in shares of Materialise in the fourth quarter worth approximately $111,000. Two Sigma Investments LP lifted its position in shares of Materialise by 93.1% in the 4th quarter. Two Sigma Investments LP now owns 81,270 shares of the software maker’s stock worth $572,000 after purchasing an additional 39,178 shares during the period. Millennium Management LLC lifted its position in shares of Materialise by 8.5% in the 4th quarter. Millennium Management LLC now owns 146,650 shares of the software maker’s stock worth $1,032,000 after purchasing an additional 11,435 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Materialise by 86.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 30,400 shares of the software maker’s stock valued at $214,000 after purchasing an additional 14,114 shares during the last quarter. Finally, AXA S.A. acquired a new stake in shares of Materialise during the fourth quarter worth $804,000. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

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.