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

Several brokerages recently weighed in on SSYS. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price target on shares of Stratasys in a research note on Thursday, August 25th. Bank of America Corp. reaffirmed an “underperform” rating and issued a $23.00 price target on shares of Stratasys in a research note on Thursday, August 25th. Brean Capital reaffirmed a “hold” rating on shares of Stratasys in a research note on Wednesday, August 24th. Zacks Investment Research cut Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Piper Jaffray Cos. cut Stratasys from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $32.00 to $24.00 in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Stratasys presently has an average rating of “Hold” and an average target price of $25.86.

The stock’s market capitalization is $1.15 billion. The company’s 50 day moving average price is $21.26 and its 200-day moving average price is $22.57.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $175.88 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts forecast 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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