Materialise (NASDAQ:MTLS) Stock Rating Lowered by Wall Street Zen

Materialise (NASDAQ:MTLS) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Materialise in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

Materialise Price Performance

Shares of Materialise stock opened at $7.21 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.41 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $425.89 million, a price-to-earnings ratio of 26.70 and a beta of 1.34. Materialise has a twelve month low of $4.78 and a twelve month high of $7.50. The company has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $6.01.

Materialise (NASDAQ:MTLS) last announced its earnings results on Friday, August 14th. The software maker reported $0.07 earnings per share (EPS) for the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. The firm had revenue of $78.90 million for the quarter. Analysts forecast that Materialise will post 0.16 EPS for the current year.

Institutional Trading of Materialise

Several institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its position in Materialise by 116.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock worth $26,000 after purchasing an additional 2,546 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Materialise by 209.4% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 13,092 shares of the software maker’s stock valued at $73,000 after purchasing an additional 8,861 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Materialise in the fourth quarter valued at approximately $56,000. Osaic Holdings Inc. boosted its position in Materialise by 1,453.3% in the second quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after buying an additional 10,900 shares in the last quarter. Finally, Granite Investment Partners LLC bought a new stake in shares of Materialise during the first quarter worth $58,000. 19.30% of the stock is currently owned by institutional investors.

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.