Stratasys Ltd. (NASDAQ:SSYS) shares were down 5% during trading on Wednesday . The company traded as low as $21.34 and last traded at $21.66, with a volume of 560,274 shares traded. The stock had previously closed at $22.79.

A number of research analysts recently commented on SSYS shares. Piper Jaffray Cos. cut Stratasys from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $24.00 in a research report on Monday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 target price on shares of Stratasys in a research report on Thursday, June 9th. Zacks Investment Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 1st. Brean Capital reiterated a “hold” rating on shares of Stratasys in a research report on Monday, August 8th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Stratasys in a research report on Sunday, June 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.86.

The stock’s 50-day moving average is $21.38 and its 200 day moving average is $22.58. The firm’s market cap is $1.11 billion.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company earned $172.10 million during the quarter, compared to analyst estimates of $175.88 million. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Stratasys Ltd. will post $0.32 EPS for the current year.

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

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