Materialise (NASDAQ:MTLS) Hits New 1-Year High – What’s Next?

Shares of Materialise NV (NASDAQ:MTLS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.56 and last traded at $8.55, with a volume of 130028 shares trading hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Materialise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

Materialise Price Performance

The company has a 50-day moving average of $7.67 and a 200-day moving average of $6.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The firm has a market capitalization of $495.01 million, a price-to-earnings ratio of 44.11 and a beta of 1.20.

Institutional Investors Weigh In On Materialise

A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. Barclays PLC boosted its stake in Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after purchasing an additional 2,473 shares during the period. GAMMA Investing LLC boosted its position in shares of Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after buying an additional 3,875 shares during the period. Truist Financial Corp bought a new position in shares of Materialise during the fourth quarter worth about $79,000. Quintet Private Bank Europe S.A. raised its position in Materialise by 51.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after buying an additional 7,459 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in Materialise in the 3rd quarter valued at approximately $124,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Materialise Company Profile

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