Stratasys (NASDAQ:SSYS) Reaches New 52-Week Low – What’s Next?

Stratasys, Ltd. (NASDAQ:SSYS)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $6.72 and last traded at $6.84, with a volume of 62,777 shares. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research cut shares of Stratasys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Stratasys Trading Down 2.2%

The company has a market cap of $597.64 million, a price-to-earnings ratio of -5.05 and a beta of 1.99. The company has a fifty day moving average price of $7.93 and a two-hundred day moving average price of $8.38.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, July 1st. The technology company reported $0.03 EPS for the quarter. The business had revenue of $137.61 million during the quarter. Stratasys had a negative return on equity of 1.77% and a negative net margin of 21.05%. Sell-side analysts anticipate that Stratasys, Ltd. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently bought and sold shares of SSYS. Rubric Capital Management LP raised its stake in shares of Stratasys by 9.0% in the 1st quarter. Rubric Capital Management LP now owns 8,000,000 shares of the technology company’s stock valued at $62,480,000 after buying an additional 659,974 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Stratasys during the 1st quarter worth about $11,107,000. Kopion Asset Management LLC boosted its position in shares of Stratasys by 11.0% during the 3rd quarter. Kopion Asset Management LLC now owns 1,052,341 shares of the technology company’s stock valued at $8,745,000 after acquiring an additional 104,371 shares in the last quarter. TSP Capital Management Group LLC boosted its position in shares of Stratasys by 2.1% during the 1st quarter. TSP Capital Management Group LLC now owns 1,110,850 shares of the technology company’s stock valued at $8,676,000 after acquiring an additional 22,700 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new stake in shares of Stratasys during the 1st quarter valued at about $3,905,000. Institutional investors own 75.77% of the company’s stock.

About Stratasys

Stratasys Ltd. (NASDAQ: SSYS) is an additive manufacturing company that develops and supplies 3D printing systems, materials, software and related services. Its technologies are designed for prototyping, tooling and production applications across a range of industries.

The company’s portfolio includes polymer-based 3D printing platforms using technologies such as Fused Deposition Modeling, PolyJet and stereolithography. Stratasys also provides proprietary printing materials, workflow and design software, technical support, and manufacturing services.