Stratasys, Ltd. (NASDAQ:SSYS – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.25 and traded as high as $11.38. Stratasys shares last traded at $11.17, with a volume of 315,873 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Stratasys from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Stratasys has an average rating of “Moderate Buy” and an average target price of $12.20.
Check Out Our Latest Research Report on Stratasys
Stratasys Stock Performance
Stratasys (NASDAQ:SSYS – Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $136.05 million for the quarter, compared to analysts’ expectations of $134.11 million. Stratasys had a negative return on equity of 1.86% and a negative net margin of 19.02%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. On average, research analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Stratasys
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Stratasys by 401.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 340,001 shares of the technology company’s stock valued at $3,023,000 after buying an additional 272,198 shares during the last quarter. Royce & Associates LP purchased a new stake in Stratasys during the 4th quarter valued at $1,467,000. Virtu Financial LLC purchased a new stake in Stratasys during the 4th quarter valued at $379,000. Headlands Technologies LLC purchased a new stake in Stratasys during the 4th quarter valued at $68,000. Finally, Legal & General Group Plc raised its stake in Stratasys by 0.6% during the 4th quarter. Legal & General Group Plc now owns 941,407 shares of the technology company’s stock valued at $8,369,000 after buying an additional 5,541 shares during the last quarter. 75.77% of the stock is owned by institutional investors.
Stratasys Company Profile
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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