Materialise (NASDAQ:MTLS) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Materialise (NASDAQ:MTLS) from a buy rating to a hold rating in a research report released on Friday morning.

Materialise Stock Up 1.0 %

MTLS opened at $5.26 on Friday. 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 company’s 50-day moving average is $7.79 and its 200 day moving average is $6.66. Materialise has a fifty-two week low of $4.70 and a fifty-two week high of $9.69. The firm has a market capitalization of $310.69 million, a P/E ratio of 21.04 and a beta of 1.22.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Materialise had a net margin of 5.04% and a return on equity of 5.47%. The company had revenue of $68.24 million for the quarter, compared to analyst estimates of $71.66 million. Research analysts expect that Materialise will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Materialise

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after buying an additional 2,473 shares during the last quarter. GAMMA Investing LLC increased its holdings in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after buying an additional 3,875 shares during the last quarter. Truist Financial Corp purchased a new stake in Materialise during the fourth quarter worth about $79,000. Commonwealth Equity Services LLC purchased a new position in shares of Materialise in the fourth quarter worth about $85,000. Finally, Trexquant Investment LP purchased a new position in shares of Materialise in the fourth quarter worth about $103,000. Hedge funds and other 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.