Materialise (NASDAQ:MTLS) Shares Gap Up to $11.65

Shares of Materialise NV (NASDAQ:MTLSGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $11.65, but opened at $11.97. Materialise shares last traded at $11.47, with a volume of 855 shares.

Materialise Price Performance

The company has a quick ratio of 2.13, a current ratio of 2.27 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $620.78 million, a P/E ratio of 40.93 and a beta of 0.76. The company’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $15.38.

Materialise (NASDAQ:MTLSGet Rating) last posted its earnings results on Thursday, July 28th. The software maker reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $60.32 million during the quarter, compared to the consensus estimate of $57.82 million. Materialise had a net margin of 6.76% and a return on equity of 6.25%. As a group, sell-side analysts expect that Materialise NV will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Materialise

Large investors have recently added to or reduced their stakes in the business. Seaport Global Advisors LLC bought a new stake in Materialise in the fourth quarter worth approximately $81,000. Quantbot Technologies LP acquired a new stake in shares of Materialise in the first quarter worth $139,000. Advisor Group Holdings Inc. lifted its stake in shares of Materialise by 12.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,232 shares of the software maker’s stock worth $173,000 after buying an additional 774 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Materialise in the fourth quarter worth $211,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Materialise in the first quarter worth $206,000. 35.73% of the stock is owned by institutional investors.

About Materialise

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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. Its 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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