Materialise NV (MTLS) Rating Increased to Hold at Zacks Investment Research
Materialise NV (NASDAQ:MTLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
MTLS has been the subject of several other reports. Credit Suisse Group AG reissued a “buy” rating and set a $12.00 price target on shares of Materialise NV in a report on Friday, August 12th. Piper Jaffray Cos. reissued an “overweight” rating and set a $8.50 price target (down from $9.00) on shares of Materialise NV in a report on Monday, August 15th. KeyCorp lifted their price target on shares of Materialise NV from $6.58 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, September 7th. Finally, TheStreet raised shares of Materialise NV from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Materialise NV presently has a consensus rating of “Buy” and an average price target of $9.58.
Materialise NV (NASDAQ:MTLS) opened at 7.39 on Wednesday. The stock has a 50 day moving average of $7.32 and a 200 day moving average of $7.11. The company’s market capitalization is $349.73 million. Materialise NV has a 12-month low of $5.22 and a 12-month high of $8.89.
Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.00. Materialise NV had a negative net margin of 2.47% and a negative return on equity of 3.33%. The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $31.47 million. During the same period in the prior year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Materialise NV will post ($0.05) EPS for the current year.
An institutional investor recently raised its position in Materialise NV stock. Polar Capital LLP boosted its stake in Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,991 shares of the company’s stock after buying an additional 26,212 shares during the period. Polar Capital LLP owned approximately 0.35% of Materialise NV worth $1,191,000 at the end of the most recent reporting period. 7.17% of the stock is owned by institutional investors and hedge funds.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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