Stratasys Ltd (NASDAQ:SSYS) shares saw an uptick in trading volume on Tuesday . 1,777,614 shares changed hands during trading, an increase of 234% from the previous session’s volume of 532,385 shares.The stock last traded at $24.07 and had previously closed at $22.28.
A number of brokerages have commented on SSYS. BidaskClub upgraded Stratasys from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. ValuEngine lowered Stratasys from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Stratasys from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, October 17th. Finally, Susquehanna Bancshares set a $27.00 price objective on Stratasys and gave the stock a “buy” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Stratasys has a consensus rating of “Hold” and an average target price of $22.57.
The firm has a market cap of $1.35 billion, a PE ratio of 196.38, a PEG ratio of 4.25 and a beta of 1.62. The company has a quick ratio of 3.23, a current ratio of 3.95 and a debt-to-equity ratio of 0.02.
Several institutional investors have recently made changes to their positions in SSYS. Acadian Asset Management LLC acquired a new stake in shares of Stratasys during the 3rd quarter valued at about $140,000. Nikko Asset Management Americas Inc. acquired a new stake in shares of Stratasys during the 3rd quarter valued at about $169,000. Virtu Financial LLC acquired a new stake in shares of Stratasys during the 3rd quarter valued at about $204,000. Weil Company Inc. acquired a new stake in shares of Stratasys during the 3rd quarter valued at about $256,000. Finally, Bank of Montreal Can lifted its holdings in shares of Stratasys by 43.2% during the 4th quarter. Bank of Montreal Can now owns 16,316 shares of the technology company’s stock valued at $294,000 after buying an additional 4,920 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.
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About Stratasys (NASDAQ:SSYS)
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.
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