Materialise (NASDAQ:MTLS) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Materialise NV (NASDAQ:MTLS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.64 and traded as low as $5.25. Materialise shares last traded at $5.33, with a volume of 75,112 shares trading hands.

Wall Street Analysts Forecast Growth

MTLS has been the subject of several analyst reports. Zacks Research lowered shares of Materialise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “hold (c)” rating on shares of Materialise in a report on Monday, December 29th. Wall Street Zen upgraded Materialise from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Cantor Fitzgerald set a $10.00 price objective on shares of Materialise and gave the company an “overweight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.

Materialise Price Performance

The business has a 50 day moving average of $5.57 and a 200 day moving average of $5.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.27 and a current ratio of 2.43.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, February 19th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $82.32 million for the quarter, compared to analysts’ expectations of $70.73 million. Materialise had a net margin of 2.96% and a return on equity of 3.23%. Research analysts predict that Materialise NV will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Materialise

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Materialise during the 1st quarter valued at about $75,000. Envestnet Asset Management Inc. boosted its holdings in Materialise by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 149,783 shares of the software maker’s stock valued at $846,000 after purchasing an additional 10,374 shares during the last quarter. AMH Equity Ltd raised its position in Materialise by 88.8% during the second quarter. AMH Equity Ltd now owns 207,661 shares of the software maker’s stock valued at $1,173,000 after acquiring an additional 97,661 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Materialise by 19.6% in the 2nd quarter. King Luther Capital Management Corp now owns 580,000 shares of the software maker’s stock valued at $3,277,000 after purchasing an additional 95,000 shares during the period. Finally, Candriam S.C.A. purchased a new stake in shares of Materialise during the 2nd quarter worth about $57,000. 19.30% of the stock is owned by hedge funds and other institutional investors.

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.