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Equities researchers at Piper Jaffray assumed coverage on shares of Materialise NV (NASDAQ:MTLS) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $19.00 price target on the stock. Piper Jaffray’s price objective indicates a potential upside of 52.49% from the stock’s previous close.

Materialise NV (NASDAQ:MTLS) traded up 0.56% on Monday, hitting $12.53. The stock had a trading volume of 210,284 shares. Materialise NV has a 52-week low of $11.06 and a 52-week high of $15.15. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $12.77. The company has a market cap of $589.8 million and a P/E ratio of 103.83.

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