Stratasys Ltd (NASDAQ:SSYS) Given Average Rating of “Hold” by Analysts

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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.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The business had revenue of $163.16 million for the quarter, compared to the consensus estimate of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. Stratasys’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities analysts anticipate that Stratasys will post 0.27 earnings per share for the current year.

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.

About Stratasys

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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