StockNews.com Upgrades Materialise (NASDAQ:MTLS) to “Strong-Buy”

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

Materialise Trading Down 3.8 %

Shares of MTLS stock opened at $6.89 on Wednesday. The stock has a 50-day simple moving average of $5.58 and a 200 day simple moving average of $5.38. The stock has a market capitalization of $406.99 million, a P/E ratio of 36.27 and a beta of 1.11. Materialise has a fifty-two week low of $4.70 and a fifty-two week high of $7.56. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Materialise

Hedge funds have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN boosted its holdings in Materialise by 0.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after buying an additional 8,089 shares in the last quarter. Rock Point Advisors LLC lifted its position in shares of 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 during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Materialise by 6.9% during the 1st 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. Quadrature Capital Ltd grew its holdings in shares of 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, Ballentine Partners LLC acquired a new stake in shares of Materialise during the third quarter worth $124,000. Institutional investors and hedge funds 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.