Materialise (NASDAQ:MTLS) Stock Rating Lowered by Zacks Research

Materialise (NASDAQ:MTLS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on MTLS. Wall Street Zen raised Materialise from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Materialise in a research note on Monday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Materialise has an average rating of “Hold”.

Materialise Stock Performance

NASDAQ MTLS opened at $5.51 on Monday. The firm’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $5.63. The company has a current ratio of 2.37, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. Materialise has a 1 year low of $3.93 and a 1 year high of $9.69.

Materialise (NASDAQ:MTLS) last released its earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $77.76 million during the quarter, compared to analysts’ expectations of $65.35 million. Materialise had a return on equity of 1.75% and a net margin of 1.65%. On average, equities analysts expect that Materialise will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Materialise

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meritage Portfolio Management bought a new position in shares of Materialise during the second quarter worth about $459,000. AMH Equity Ltd increased its position in Materialise by 88.8% during the 2nd quarter. AMH Equity Ltd now owns 207,661 shares of the software maker’s stock valued at $1,173,000 after purchasing an additional 97,661 shares during the period. Candriam S.C.A. bought a new position in Materialise during the 2nd quarter worth approximately $57,000. King Luther Capital Management Corp lifted its position in shares of Materialise by 19.6% in the 2nd quarter. King Luther Capital Management Corp now owns 580,000 shares of the software maker’s stock worth $3,277,000 after purchasing an additional 95,000 shares during the period. Finally, ARK Investment Management LLC boosted its stake in shares of Materialise by 28.6% in the 2nd quarter. ARK Investment Management LLC now owns 566,508 shares of the software maker’s stock valued at $3,201,000 after purchasing an additional 125,948 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Materialise Company Profile

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.