Materialise (NASDAQ:MTLS) Sees Large Volume Increase

Materialise NV (NASDAQ:MTLS – Get Rating) saw strong trading volume on Wednesday . 28,595 shares were traded during mid-day trading, a decline of 89% from the previous session’s volume of 268,921 shares.The stock last traded at $13.35 and had previously closed at $12.62.

A number of equities analysts have recently commented on the company. Bryan, Garnier & Co cut Materialise from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a report on Friday, March 25th. Stifel Nicolaus decreased their target price on Materialise from $26.00 to $22.00 in a research report on Tuesday, May 3rd. Finally, StockNews.com lowered Materialise from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Materialise has a consensus rating of “Buy” and a consensus target price of $25.00.

The company has a market cap of $716.11 million, a PE ratio of 40.03 and a beta of 0.76. The business has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $19.33. The company has a quick ratio of 2.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.29.

Several large investors have recently bought and sold shares of MTLS. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Materialise in the fourth quarter valued at approximately $26,000. Paragon Capital Management Ltd purchased a new position in shares of Materialise during the fourth quarter worth $41,000. Seaport Global Advisors LLC purchased a new position in shares of Materialise during the fourth quarter worth $81,000. Quantbot Technologies LP purchased a new position in Materialise in the first quarter valued at $139,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Materialise by 12.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,232 shares of the software maker’s stock valued at $173,000 after purchasing an additional 774 shares during the period. 38.31% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile (NASDAQ:MTLS)

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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