Materialise (NASDAQ:MTLS) Hits New 1-Year High – Still a Buy?

Materialise NV (NASDAQ:MTLS) hit a new 52-week high on Wednesday . The stock traded as high as $8.56 and last traded at $8.55, with a volume of 130028 shares. The stock had previously closed at $8.46.

Analyst Ratings Changes

Separately, StockNews.com upgraded Materialise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

Materialise Stock Up 1.1 %

The firm’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $6.30. The company has a market cap of $504.96 million, a price-to-earnings ratio of 45.00 and a beta of 1.20. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Materialise

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV lifted its holdings in Materialise by 18.8% during the 4th quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock worth $2,876,000 after buying an additional 64,744 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Materialise during the 4th quarter worth about $756,000. Retireful LLC acquired a new stake in shares of Materialise during the 4th quarter worth about $161,000. GAMMA Investing LLC lifted its stake in Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after purchasing an additional 3,875 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Materialise by 1,589.4% in the third quarter. JPMorgan Chase & Co. now owns 41,238 shares of the software maker’s stock valued at $226,000 after purchasing an additional 38,797 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.