Stratasys (SSYS) Sees Unusually-High Trading Volume

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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.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The business had revenue of $162.00 million during the quarter, compared to analyst estimates of $161.88 million. Stratasys had a positive return on equity of 1.01% and a negative net margin of 4.10%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. Equities research analysts expect that Stratasys Ltd will post 0.29 EPS for the current year.

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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