voxeljet AG (NYSE:VJET) Posts Earnings Results, Beats Expectations By $0.19 EPS
voxeljet AG (NYSE:VJET) issued its quarterly earnings results on Monday. The technology company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.19, reports. voxeljet AG had a negative return on equity of 19.67% and a negative net margin of 48.20%.
Shares of voxeljet AG (NYSE:VJET) traded up 2.70% during midday trading on Monday, hitting $4.18. The stock had a trading volume of 117,925 shares. voxeljet AG has a 12-month low of $2.61 and a 12-month high of $6.00. The firm’s market cap is $77.75 million. The firm has a 50-day moving average of $4.43 and a 200 day moving average of $3.86.
A number of brokerages have recently weighed in on VJET. ValuEngine downgraded voxeljet AG from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded voxeljet AG from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Piper Jaffray Companies boosted their price target on voxeljet AG from $5.00 to $8.00 and gave the company an “overweight” rating in a report on Wednesday, May 24th. Citigroup Inc. reiterated a “buy” rating and issued a $5.00 price target (up from $3.50) on shares of voxeljet AG in a report on Monday, May 15th. Finally, Cowen and Company upgraded voxeljet AG from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $3.00 to $5.50 in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. voxeljet AG has a consensus rating of “Hold” and an average target price of $6.06.
voxeljet AG Company Profile
Voxeljet AG is a Germany-based company engaged in manufacture and sales of three-dimensional (3D) printers. The Company’s offer is aimed at industrial companies active in fields such as aerospace, automotive, engineering, architecture, science, medicine, art, film and entertainment. The Company is divided in two business areas: voxeljet SYSTEMS and voxeljet SERVICES.
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