Materialise NV (MTLS) Posts Quarterly Results
Materialise NV (NASDAQ:MTLS) announced its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01), Analyst Ratings Network reports. The company had revenue of $26.28 million for the quarter, compared to the consensus estimate of $25.00 million.
Materialise NV (NASDAQ:MTLS) opened at 13.21 on Thursday. Materialise NV has a one year low of $10.50 and a one year high of $15.15. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $12.29. The company has a market cap of $621.8 million and a price-to-earnings ratio of 101.01.
A number of analysts have recently weighed in on MTLS shares. Analysts at KBC Securities initiated coverage on shares of Materialise NV in a research note on Wednesday, August 6th. They set an “accumulate” rating and a $14.00 price target on the stock. On a related note, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Materialise NV presently has an average rating of “Buy” and an average target price of $16.20.
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.