Materialise NV (NASDAQ:MTLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
Other research analysts have also issued reports about the company. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 price target on shares of Materialise NV in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $18.00 price target on shares of Materialise NV in a research report on Friday, November 10th. Finally, Credit Suisse Group upped their target price on Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.40.
Shares of Materialise NV (NASDAQ MTLS) opened at $13.91 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.69. Materialise NV has a 12 month low of $7.14 and a 12 month high of $16.50.
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Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. purchased a new stake in Materialise NV in the 2nd quarter valued at approximately $106,000. First Manhattan Co. purchased a new stake in Materialise NV in the 2nd quarter valued at approximately $111,000. Symmetry Peak Management LLC purchased a new stake in Materialise NV in the 2nd quarter valued at approximately $119,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Materialise NV in the 2nd quarter valued at approximately $223,000. Finally, FCG Advisors LLC purchased a new stake in Materialise NV in the 2nd quarter valued at approximately $237,000. 11.59% of the stock is owned by institutional investors.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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