Materialise (NASDAQ:MTLS) Raised to Strong-Buy at StockNews.com

Materialise (NASDAQ:MTLS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Materialise Stock Down 2.5 %

Shares of MTLS opened at $7.16 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. Materialise has a 52 week low of $4.70 and a 52 week high of $7.56. The stock has a market capitalization of $422.94 million, a price-to-earnings ratio of 37.69 and a beta of 1.11. The stock has a fifty day moving average of $5.51 and a 200-day moving average of $5.36.

Institutional Trading of Materialise

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rock Point Advisors LLC grew its holdings in Materialise by 15.9% during the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock worth $4,261,000 after acquiring an additional 106,564 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Materialise by 6.9% in the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after purchasing an additional 34,543 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Materialise in the third quarter valued at $124,000. Finally, Quintet Private Bank Europe S.A. raised its position in Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors.

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.