Materialise (NASDAQ:MTLS) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Materialise NV (NASDAQ:MTLS) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.87 and traded as high as $7.74. Materialise shares last traded at $7.70, with a volume of 105,354 shares changing hands.

Analyst Ratings Changes

MTLS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materialise in a research report on Thursday, August 27th. Wall Street Zen cut Materialise from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.00.

Materialise Trading Up 0.6%

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 company’s fifty day moving average is $6.88 and its 200-day moving average is $6.19. The stock has a market cap of $458.38 million, a PE ratio of 28.67 and a beta of 1.36.

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

Institutional Trading of Materialise

Several hedge funds and other institutional investors have recently bought and sold shares of MTLS. Nano Cap New Millennium Growth Fund L P acquired a new position in Materialise during the fourth quarter worth about $555,000. Optiver Holding B.V. raised its holdings in Materialise by 218.1% in the 1st quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker’s stock valued at $190,000 after acquiring an additional 26,315 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Materialise by 1,606.7% in the 2nd quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock worth $195,000 after purchasing an additional 24,759 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Materialise by 175.0% in the 2nd quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after purchasing an additional 22,098 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in shares of Materialise during the 2nd quarter worth approximately $118,000. 19.30% of the stock is owned by institutional investors and hedge funds.

About Materialise

Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions help organizations design, prepare, manage and produce three-dimensional parts and products across a range of industrial and healthcare applications.

The company’s offerings include additive manufacturing software, engineering and manufacturing services, and medical solutions. Its medical business provides software and services used to create patient-specific anatomical models, surgical guides, implants and other applications that support planning and treatment.