Materialise (NASDAQ:MTLS) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Materialise NV (NASDAQ:MTLS)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.87 and traded as high as $6.21. Materialise shares last traded at $6.08, with a volume of 210,146 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTLS. Wall Street Zen raised shares of Materialise from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research downgraded shares of Materialise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Materialise in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Materialise Stock Performance

The firm’s 50-day moving average is $5.87 and its 200 day moving average is $5.64. The company has a quick ratio of 2.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

Materialise (NASDAQ:MTLS) last posted its earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Materialise had a net margin of 1.65% and a return on equity of 1.75%. The firm had revenue of $77.76 million during the quarter, compared to the consensus estimate of $65.35 million. Analysts forecast that Materialise NV will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Materialise

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Materialise by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock worth $55,000 after acquiring an additional 5,459 shares during the last quarter. Credit Agricole S A purchased a new stake in Materialise during the 3rd quarter worth about $2,166,000. Banque Transatlantique SA acquired a new position in Materialise in the 3rd quarter valued at about $86,000. Teton Advisors LLC purchased a new position in Materialise in the 3rd quarter valued at about $56,000. Finally, Rock Point Advisors LLC boosted its stake in shares of Materialise by 0.3% during the 3rd quarter. Rock Point Advisors LLC now owns 984,295 shares of the software maker’s stock worth $5,483,000 after purchasing an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.