ValuEngine lowered shares of Materialise (NASDAQ:MTLS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

MTLS has been the subject of several other reports. BidaskClub lowered Materialise from a strong-buy rating to a buy rating in a research note on Saturday, September 7th. TheStreet downgraded Materialise from a b rating to a c rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research downgraded Materialise from a hold rating to a strong sell rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $19.54.

Shares of MTLS stock traded down $0.11 on Tuesday, reaching $16.25. 72,721 shares of the company were exchanged, compared to its average volume of 122,556. The company has a market cap of $856.94 million, a price-to-earnings ratio of 232.14 and a beta of 0.41. The business has a 50-day moving average price of $18.45 and a 200 day moving average price of $18.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.26 and a current ratio of 2.41. Materialise has a 1 year low of $13.56 and a 1 year high of $22.99.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $54.93 million during the quarter, compared to the consensus estimate of $56.11 million. Materialise had a net margin of 0.43% and a return on equity of 0.60%. As a group, equities analysts anticipate that Materialise will post 0.06 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MTLS. State Street Corp grew its holdings in shares of Materialise by 0.9% during the third quarter. State Street Corp now owns 81,561 shares of the software maker’s stock worth $1,507,000 after buying an additional 760 shares in the last quarter. Private Advisor Group LLC grew its stake in Materialise by 8.0% during the 2nd quarter. Private Advisor Group LLC now owns 24,845 shares of the software maker’s stock valued at $485,000 after acquiring an additional 1,830 shares in the last quarter. Aperio Group LLC purchased a new stake in Materialise during the 2nd quarter valued at about $38,000. HighTower Advisors LLC raised its holdings in Materialise by 25.2% in the 2nd quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock valued at $338,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Materialise by 40.9% in the 2nd quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock valued at $270,000 after acquiring an additional 4,015 shares during the last quarter. 29.46% of the stock is currently owned by institutional investors.

Materialise Company Profile

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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