Materialise (NASDAQ:MTLS) Rating Lowered to “Buy” at StockNews.com

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

Materialise Price Performance

MTLS stock opened at $6.46 on Tuesday. Materialise has a 12-month low of $4.70 and a 12-month high of $6.93. The stock has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $5.30. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The company has a market cap of $381.59 million, a PE ratio of 34.00 and a beta of 1.11.

Institutional Investors Weigh In On Materialise

Several institutional investors and hedge funds have recently modified their holdings of MTLS. Quintet Private Bank Europe S.A. boosted its position in shares of Materialise by 51.4% in the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after buying an additional 7,459 shares during the period. Ballentine Partners LLC acquired a new position in shares of Materialise in the third quarter worth about $124,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Materialise by 2.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 5,380 shares in the last quarter. Acadian Asset Management LLC lifted 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 acquiring an additional 34,543 shares in the last quarter. Finally, Rock Point Advisors LLC lifted its stake in shares of Materialise by 4.0% in the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock worth $3,361,000 after acquiring an additional 25,637 shares in the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

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.