Stratasys (NASDAQ:SSYS) Hits New 1-Year Low at $8.02

Shares of Stratasys Ltd. (NASDAQ:SSYS) hit a new 52-week low during trading on Thursday . The company traded as low as $8.02 and last traded at $8.08, with a volume of 350977 shares trading hands. The stock had previously closed at $8.56.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Craig Hallum reduced their price objective on Stratasys from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Needham & Company LLC decreased their price target on Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price target on shares of Stratasys in a research report on Thursday, May 30th. Finally, StockNews.com began coverage on Stratasys in a report on Thursday. They set a “buy” rating on the stock.

Stratasys Stock Performance

The company has a market capitalization of $576.78 million, a price-to-earnings ratio of -4.42 and a beta of 1.21. The firm’s 50 day simple moving average is $8.76 and its 200-day simple moving average is $10.59.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. The firm had revenue of $144.05 million during the quarter, compared to analysts’ expectations of $147.53 million. As a group, equities analysts anticipate that Stratasys Ltd. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stratasys

A number of hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Stratasys by 14.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,035 shares of the technology company’s stock worth $2,528,000 after acquiring an additional 22,262 shares in the last quarter. RPG Investment Advisory LLC lifted its position in shares of Stratasys by 10.1% in the fourth quarter. RPG Investment Advisory LLC now owns 422,507 shares of the technology company’s stock worth $6,033,000 after buying an additional 38,892 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Stratasys by 10.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,028,580 shares of the technology company’s stock worth $14,688,000 after acquiring an additional 100,000 shares in the last quarter. RIA Advisory Group LLC acquired a new position in shares of Stratasys during the 4th quarter valued at about $33,000. Finally, New York State Common Retirement Fund raised its stake in shares of Stratasys by 49.0% in the 4th quarter. New York State Common Retirement Fund now owns 32,690 shares of the technology company’s stock valued at $467,000 after acquiring an additional 10,747 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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.