Stratasys Ltd. (SSYS) Shares Up 3%
Stratasys Ltd. (NASDAQ:SSYS) shot up 3% during mid-day trading on Friday . The company traded as high as $22.37 and last traded at $21.97, with a volume of 595,677 shares changing hands. The stock had previously closed at $21.33.
A number of brokerages have issued reports on SSYS. Piper Jaffray Cos. lowered shares of Stratasys from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $24.00 in a report on Monday, July 18th. Bank of America Corp. reissued an “underperform” rating and issued a $23.00 target price on shares of Stratasys in a report on Thursday, August 25th. Needham & Company LLC reissued a “buy” rating and issued a $24.00 target price on shares of Stratasys in a report on Thursday, August 25th. Pacific Crest reissued an “equal weight” rating on shares of Stratasys in a report on Sunday, June 5th. Finally, Brean Capital reissued a “hold” rating on shares of Stratasys in a report on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Stratasys presently has a consensus rating of “Hold” and a consensus price target of $25.86.
The firm’s 50 day moving average is $21.26 and its 200-day moving average is $22.57. The stock’s market capitalization is $1.15 billion.
Stratasys (NASDAQ:SSYS) last issued its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The business had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. During the same period last year, the business posted $0.15 EPS. Stratasys’s revenue was down 5.6% on a year-over-year basis. Analysts anticipate that Stratasys Ltd. will post $0.32 EPS for the current fiscal 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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