Materialise NV (NASDAQ:MTLS) Sees Large Decrease in Short Interest

Materialise NV (NASDAQ:MTLSGet Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 612,100 shares, a decrease of 19.6% from the March 15th total of 761,400 shares. Based on an average daily trading volume, of 262,800 shares, the short-interest ratio is currently 2.3 days.

MTLS has been the topic of several recent research reports. StockNews.com began coverage on Materialise in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “sell” rating in a research note on Tuesday, March 1st. Finally, Bryan, Garnier & Co cut shares of Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Friday, March 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Materialise currently has an average rating of “Buy” and a consensus target price of $27.20.

NASDAQ:MTLS opened at $17.81 on Tuesday. The firm has a market capitalization of $964.75 million, a PE ratio of 71.24 and a beta of 0.63. The stock’s fifty day moving average is $19.64 and its 200 day moving average is $21.50. Materialise has a fifty-two week low of $17.06 and a fifty-two week high of $34.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.64 and a current ratio of 2.77.

Materialise (NASDAQ:MTLSGet Rating) last announced its earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Materialise had a net margin of 6.38% and a return on equity of 6.74%. The business had revenue of $64.55 million for the quarter, compared to the consensus estimate of $60.40 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Equities analysts forecast that Materialise will post 0.19 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in MTLS. Bank of America Corp DE boosted its stake in shares of Materialise by 55.8% during the 2nd quarter. Bank of America Corp DE now owns 32,328 shares of the software maker’s stock worth $779,000 after purchasing an additional 11,577 shares during the period. Morgan Stanley lifted its stake in shares of Materialise by 277.2% during the 2nd quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock worth $11,252,000 after acquiring an additional 343,224 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of Materialise by 412.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,199 shares of the software maker’s stock worth $44,000 after acquiring an additional 1,770 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Materialise by 33.4% during the 3rd quarter. SG Americas Securities LLC now owns 106,809 shares of the software maker’s stock worth $2,147,000 after acquiring an additional 26,761 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Materialise by 8.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 6,458 shares of the software maker’s stock worth $129,000 after acquiring an additional 502 shares during the last quarter. 40.32% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile (Get Rating)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. It 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.

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