Materialise (NASDAQ:MTLS) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Materialise NV (NASDAQ:MTLS)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.81 and traded as high as $7.67. Materialise shares last traded at $7.56, with a volume of 215,420 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTLS. Wall Street Zen lowered Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materialise in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Materialise has an average rating of “Hold” and a consensus target price of $10.00.

Materialise Trading Down 0.4%

The stock has a 50 day moving average of $6.82 and a 200 day moving average of $6.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.41 and a quick ratio of 2.22. The firm has a market cap of $438.89 million, a P/E ratio of 27.52 and a beta of 1.36.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Friday, August 14th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $78.90 million during the quarter. Materialise had a return on equity of 5.20% and a net margin of 4.85%. As a group, equities research analysts predict that Materialise NV will post 0.16 EPS for the current year.

Institutional Trading of Materialise

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in Materialise by 116.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,546 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Materialise in the 4th quarter worth approximately $56,000. Osaic Holdings Inc. boosted its stake in shares of Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after purchasing an additional 10,900 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Materialise in the 1st quarter valued at $58,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Materialise by 19,063.2% during the 2nd quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock valued at $74,000 after purchasing an additional 12,963 shares during the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.