Stratasys (NASDAQ:SSYS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Stratasys, Ltd. (NASDAQ:SSYS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.28 and traded as high as $10.95. Stratasys shares last traded at $10.45, with a volume of 505,916 shares changing hands.

Wall Street Analysts Forecast Growth

SSYS has been the subject of a number of recent research reports. Needham & Company LLC lowered their target price on Stratasys from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research note on Thursday, January 22nd. UBS Group reiterated an “overweight” rating on shares of Stratasys in a report on Friday, November 14th. Finally, Cantor Fitzgerald boosted their target price on shares of Stratasys from $13.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.75.

Stratasys Stock Down 2.9%

The stock has a 50-day moving average price of $10.27 and a 200-day moving average price of $10.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 2.69. The company has a market capitalization of $889.22 million, a P/E ratio of -6.45 and a beta of 1.65.

Institutional Trading of Stratasys

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in shares of Stratasys by 2.8% in the 4th quarter. Invesco Ltd. now owns 88,856 shares of the technology company’s stock valued at $771,000 after purchasing an additional 2,380 shares during the period. XTX Topco Ltd bought a new stake in Stratasys in the fourth quarter worth approximately $363,000. VARCOV Co. acquired a new position in Stratasys in the fourth quarter valued at approximately $457,000. Oxford Asset Management LLP acquired a new position in Stratasys in the fourth quarter valued at approximately $167,000. Finally, Millennium Management LLC bought a new position in shares of Stratasys during the 4th quarter worth approximately $846,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.