Materialise (NASDAQ:MTLS) Hits New 52-Week High – Time to Buy?

Materialise NV (NASDAQ:MTLS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $9.28 and last traded at $9.22, with a volume of 136623 shares changing hands. The stock had previously closed at $8.98.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Materialise Price Performance

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 stock has a market capitalization of $555.85 million, a price-to-earnings ratio of 49.53 and a beta of 1.22. The stock’s 50 day simple moving average is $7.92 and its 200-day simple moving average is $6.54.

Hedge Funds Weigh In On Materialise

Institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares during the last quarter. LPL Financial LLC boosted its holdings in Materialise by 9.3% during the fourth quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock valued at $228,000 after acquiring an additional 2,750 shares during the period. GAMMA Investing LLC grew its position in shares of Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of Materialise by 0.5% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after purchasing an additional 8,089 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors.

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.