Materialise (NASDAQ:MTLS) Downgraded by StockNews.com to “Buy”

Materialise (NASDAQ:MTLS) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Materialise Trading Down 34.9 %

MTLS stock traded down $3.22 during mid-day trading on Thursday, reaching $6.00. The company’s stock had a trading volume of 2,796,161 shares, compared to its average volume of 281,838. The company has a market cap of $354.42 million, a price-to-earnings ratio of 31.58 and a beta of 1.22. Materialise has a 12 month low of $4.70 and a 12 month high of $9.69. The business’s 50 day moving average price is $8.01 and its 200 day moving average price is $6.65. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10.

Materialise (NASDAQ:MTLS) last issued its earnings results on Thursday, February 20th. The software maker reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Materialise had a return on equity of 5.88% and a net margin of 3.73%. On average, equities research analysts predict that Materialise will post 0.22 EPS for the current year.

Institutional Trading of Materialise

Institutional investors and hedge funds have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Materialise by 0.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after acquiring an additional 8,089 shares in the last quarter. Rock Point Advisors LLC boosted its position in Materialise by 15.9% in the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock worth $4,261,000 after purchasing an additional 106,564 shares during the last quarter. KBC Group NV grew its stake in Materialise by 18.8% in the 4th quarter. KBC Group NV now owns 408,584 shares of the software maker’s stock valued at $2,876,000 after purchasing an additional 64,744 shares during the period. JPMorgan Chase & Co. increased its position in shares of Materialise by 747.1% during the 4th quarter. JPMorgan Chase & Co. now owns 349,346 shares of the software maker’s stock valued at $2,459,000 after purchasing an additional 308,108 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Materialise by 93.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,577 shares of the software maker’s stock worth $2,454,000 after purchasing an additional 168,850 shares during the period. Hedge funds and other institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

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. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.