Stratasys Ltd (NASDAQ:SSYS) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $27.00.
SSYS has been the topic of a number of recent analyst reports. ValuEngine raised Stratasys from a “sell” rating to a “hold” rating in a report on Monday. BidaskClub raised Stratasys from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 16th.
NASDAQ:SSYS traded up $0.28 on Thursday, reaching $19.92. 54,798 shares of the company’s stock traded hands, compared to its average volume of 414,602. The company has a quick ratio of 3.02, a current ratio of 3.85 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $24.06. The firm has a market cap of $1.11 billion, a PE ratio of 87.00, a P/E/G ratio of 2.97 and a beta of 1.98. Stratasys has a 12 month low of $17.06 and a 12 month high of $30.60.
Several institutional investors have recently modified their holdings of the company. Stonebridge Capital Advisors LLC purchased a new position in Stratasys in the second quarter worth about $56,000. Aperio Group LLC purchased a new position in Stratasys in the second quarter worth about $125,000. Panagora Asset Management Inc. purchased a new position in Stratasys in the second quarter worth about $125,000. CSat Investment Advisory L.P. purchased a new position in Stratasys in the second quarter worth about $136,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Stratasys in the second quarter worth about $159,000. Hedge funds and other institutional investors own 79.06% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, 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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