Materialise (NASDAQ:MTLS) Upgraded at StockNews.com

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

Materialise Trading Down 3.8 %

Shares of NASDAQ MTLS opened at $6.89 on Wednesday. The company has a market cap of $406.99 million, a price-to-earnings ratio of 36.27 and a beta of 1.11. The stock’s 50 day simple moving average is $5.58 and its 200 day simple moving average is $5.38. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. Materialise has a 12-month low of $4.70 and a 12-month high of $7.56.

Institutional Trading of Materialise

A number of large investors have recently modified their holdings of MTLS. Disciplined Growth Investors Inc. MN grew its position in Materialise by 0.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after purchasing an additional 8,089 shares during the last quarter. Barclays PLC grew its holdings in Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after buying an additional 2,473 shares in the last quarter. Quadrature Capital Ltd increased its position in Materialise by 104.0% in the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after acquiring an additional 18,532 shares during the period. Rock Point Advisors LLC raised its stake in Materialise by 15.9% during the 3rd quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock valued at $4,261,000 after acquiring an additional 106,564 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake 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 purchasing an additional 7,459 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

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.