Materialise (NASDAQ:MTLS) Shares Gap Up to $33.60

Materialise NV (NASDAQ:MTLS) shares gapped up prior to trading on Thursday . The stock had previously closed at $33.60, but opened at $34.73. Materialise shares last traded at $35.76, with a volume of 3,219 shares changing hands.

A number of brokerages recently issued reports on MTLS. Bryan, Garnier & Co raised shares of Materialise from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, March 16th. Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “sell” rating in a report on Saturday, March 13th. Finally, TheStreet lowered shares of Materialise from a “c” rating to a “d+” rating in a research note on Thursday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. Materialise presently has an average rating of “Hold” and a consensus target price of $31.50.

The company has a debt-to-equity ratio of 0.71, a current ratio of 2.07 and a quick ratio of 1.94. The company has a market cap of $1.82 billion, a PE ratio of -444.25 and a beta of 0.94. The company’s 50 day simple moving average is $42.68 and its two-hundred day simple moving average is $49.05.

Materialise (NASDAQ:MTLS) last announced its earnings results on Monday, March 8th. The software maker reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). Materialise had a negative return on equity of 2.68% and a negative net margin of 2.06%. Sell-side analysts expect that Materialise NV will post -0.11 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of MTLS. BNC Wealth Management LLC purchased a new position in shares of Materialise in the third quarter valued at approximately $31,000. Hsbc Holdings PLC purchased a new position in shares of Materialise in the fourth quarter valued at approximately $206,000. Ground Swell Capital LLC purchased a new position in shares of Materialise in the fourth quarter valued at approximately $225,000. Credit Suisse AG purchased a new position in shares of Materialise in the fourth quarter valued at approximately $229,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Materialise in the third quarter valued at approximately $238,000. 32.99% of the stock is owned by institutional investors and hedge funds.

About Materialise (NASDAQ:MTLS)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in Europe, the Americas, Europe and Africa, and the Asia-Pacific. The company's Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

Featured Article: What causes a recession?

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.