Stratasys Ltd. (SSYS) Trading 3% Higher
Stratasys Ltd. (NASDAQ:SSYS)’s share price traded up 3% during trading on Friday . The company traded as high as $22.37 and last traded at $21.97, with a volume of 595,677 shares. The stock had previously closed at $21.33.
Several equities analysts recently issued reports on the company. Brean Capital restated a “hold” rating on shares of Stratasys in a research note on Monday, August 8th. FBR & Co restated a “buy” rating and set a $29.00 price target on shares of Stratasys in a research note on Tuesday, June 14th. Needham & Company LLC restated a “buy” rating and set a $26.00 price target on shares of Stratasys in a research note on Thursday, June 9th. Piper Jaffray Cos. lowered Stratasys from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $24.00 in a research note on Monday, July 18th. Finally, Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Stratasys has an average rating of “Hold” and a consensus target price of $25.86.
The stock has a 50-day moving average of $21.19 and a 200-day moving average of $22.57. The stock’s market cap is $1.15 billion.
Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. During the same quarter last year, the business earned $0.15 earnings per share. The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $175.88 million. The company’s revenue was down 5.6% on a year-over-year basis. On average, analysts expect that Stratasys Ltd. will post $0.32 earnings per share 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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