Materialise NV’s Quiet Period Will Expire on August 4th (NASDAQ:MTLS)
Materialise NV’s (NASDAQ:MTLS) quiet period will expire on Monday, August 4th. Materialise NV had issued 8,000,000 shares in its public offering on June 25th, American Banking & Market News reports. The total size of the offering was $96,000,000 based on an initial share price of $12.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of analysts have recently weighed in on MTLS shares. Analysts at BB&T Corp. initiated coverage on shares of Materialise NV in a research note on Monday, July 21st. They set a “buy” rating and a $19.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Materialise NV in a research note on Monday, July 21st. They set an “outperform” rating and a $15.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Materialise NV in a research note on Monday, July 21st. They set a “buy” rating and a $14.00 price target on the stock.
Shares of Materialise NV (NASDAQ:MTLS) traded down 5.30% on Friday, hitting $10.72. 183,559 shares of the company’s stock traded hands. Materialise NV has a one year low of $11.06 and a one year high of $15.15. The stock has a 50-day moving average of $12.51 and a 200-day moving average of $12.51. The company has a market cap of $504.6 million and a P/E ratio of 95.13.
Materialise NV is a Belgium-based company engaged in the field of technology. It specializes in additive manufacturing (NASDAQ:MTLS), also known as three dimensional (3D) printing.
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