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

Materialise NV (NASDAQ:MTLS) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.73 and traded as high as $6.94. Materialise shares last traded at $6.80, with a volume of 58,159 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

Materialise Stock Performance

The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $408.74 million, a PE ratio of 34.60 and a beta of 1.34. The company has a 50-day moving average price of $6.73 and a two-hundred day moving average price of $5.90.

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

Institutional Investors Weigh In On Materialise

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. grew its stake 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in Materialise in the 4th quarter worth approximately $56,000. Granite Investment Partners LLC bought a new position in Materialise in the 1st quarter valued at $58,000. Osaic Holdings Inc. boosted its holdings in 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 during the period. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of Materialise by 209.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 13,092 shares of the software maker’s stock valued at $73,000 after purchasing an additional 8,861 shares in the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile

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.