Materialise (NASDAQ:MTLS) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Materialise NV (NASDAQ:MTLS)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.52 and traded as low as $5.18. Materialise shares last traded at $5.21, with a volume of 60,331 shares.

Wall Street Analyst Weigh In

MTLS has been the topic of several research reports. Zacks Research downgraded Materialise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Materialise in a research note on Monday, December 29th. Finally, Cantor Fitzgerald set a $10.00 price objective on Materialise and gave the company an “overweight” rating in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Materialise currently has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Stock Performance

The stock’s 50 day simple moving average is $5.52 and its two-hundred day simple moving average is $5.65. The company has a quick ratio of 2.27, a current ratio of 2.43 and a debt-to-equity ratio of 0.19.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Thursday, February 19th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Materialise had a return on equity of 3.23% and a net margin of 2.96%.The business had revenue of $82.32 million during the quarter, compared to analyst estimates of $70.73 million. Sell-side analysts forecast that Materialise NV will post 0.3 EPS for the current fiscal year.

Institutional Trading of Materialise

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Materialise during the 1st quarter valued at about $75,000. Envestnet Asset Management Inc. increased its position in Materialise by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 149,783 shares of the software maker’s stock worth $846,000 after purchasing an additional 10,374 shares during the last quarter. King Luther Capital Management Corp increased its position in Materialise by 19.6% during the second quarter. King Luther Capital Management Corp now owns 580,000 shares of the software maker’s stock worth $3,277,000 after purchasing an additional 95,000 shares during the last quarter. Candriam S.C.A. purchased a new position in Materialise during the second quarter worth about $57,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Materialise by 15.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 467,276 shares of the software maker’s stock valued at $2,640,000 after purchasing an additional 61,465 shares during the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Company Profile

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.