Materialise (NASDAQ:MTLS) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Materialise Trading Down 3.8 %

MTLS opened at $6.89 on Wednesday. Materialise has a fifty-two week low of $4.70 and a fifty-two week high of $7.56. The firm has a market capitalization of $406.99 million, a PE ratio of 36.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. The company’s 50-day moving average is $5.58 and its 200 day moving average is $5.38.

Institutional Investors Weigh In On Materialise

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its holdings in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares during the period. Quintet Private Bank Europe S.A. lifted its position in shares of 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 valued at $120,000 after buying an additional 7,459 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Materialise during the 3rd quarter worth $124,000. Quadrature Capital Ltd increased its holdings in Materialise by 104.0% in the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock worth $199,000 after acquiring an additional 18,532 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Materialise by 6.9% in the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock valued at $2,808,000 after acquiring an additional 34,543 shares during the period. 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.