Materialise (NASDAQ:MTLS) Rating Lowered to “Hold” at StockNews.com

Materialise (NASDAQ:MTLS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Materialise Stock Performance

NASDAQ MTLS opened at $5.26 on Friday. Materialise has a 52-week low of $4.70 and a 52-week high of $9.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The company has a market capitalization of $310.69 million, a P/E ratio of 21.04 and a beta of 1.22. The company has a fifty day moving average of $7.75 and a 200-day moving average of $6.65.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Materialise had a net margin of 5.04% and a return on equity of 5.47%. The company had revenue of $68.24 million during the quarter, compared to the consensus estimate of $71.66 million. As a group, equities research analysts predict that Materialise will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Materialise

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after purchasing an additional 2,473 shares during the period. LPL Financial LLC raised its position in Materialise by 9.3% in the 4th quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock worth $228,000 after purchasing an additional 2,750 shares during the period. GAMMA Investing LLC raised its position in Materialise by 73.3% in the 4th 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 period. Quintet Private Bank Europe S.A. raised its position in Materialise by 51.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its position in Materialise by 0.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after purchasing an additional 8,089 shares during the period. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

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.