Materialise (NASDAQ:MTLS) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Materialise NV (NASDAQ:MTLS)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.39 and traded as high as $6.69. Materialise shares last traded at $6.67, with a volume of 240,475 shares.

Analyst Upgrades and Downgrades

MTLS has been the topic of a number of recent analyst reports. Cantor Fitzgerald set a $10.00 price target on Materialise and gave the stock an “overweight” rating in a research report on Friday, February 20th. Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Materialise currently has a consensus rating of “Hold” and an average target price of $10.00.

Materialise Stock Up 2.9%

The company has a market cap of $394.00 million, a PE ratio of 33.35 and a beta of 1.28. The business has a 50-day simple moving average of $5.39 and a 200-day simple moving average of $5.54. The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, March 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $76.72 million for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%. Equities research analysts anticipate that Materialise NV will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Materialise

Several hedge funds and other institutional investors have recently made changes to their positions in MTLS. Roubaix Capital LLC purchased a new position in shares of Materialise in the third quarter valued at approximately $2,356,000. Credit Agricole S A purchased a new position in shares of Materialise in the third quarter valued at approximately $2,166,000. Archon Capital Management LLC lifted its position in shares of Materialise by 50.6% in the fourth quarter. Archon Capital Management LLC now owns 654,623 shares of the software maker’s stock valued at $3,633,000 after acquiring an additional 219,995 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Materialise in the fourth quarter valued at approximately $555,000. Finally, King Luther Capital Management Corp lifted its position in shares of Materialise by 12.9% in the third quarter. King Luther Capital Management Corp now owns 655,000 shares of the software maker’s stock valued at $3,648,000 after acquiring an additional 75,000 shares in 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.