Materialise (NASDAQ:MTLS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also recently commented on MTLS. Piper Jaffray Companies reaffirmed a “buy” rating and set a $20.00 price target on shares of Materialise in a research note on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $18.00 price target on shares of Materialise in a research note on Friday, November 10th. Finally, Zacks Investment Research cut shares of Materialise from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Materialise currently has a consensus rating of “Hold” and an average price target of $16.75.

Materialise (MTLS) traded down $0.13 during mid-day trading on Thursday, hitting $13.78. 35,629 shares of the company were exchanged, compared to its average volume of 83,448. Materialise has a 52-week low of $7.55 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.69 and a current ratio of 1.86. The stock has a market cap of $652.14, a PE ratio of -196.86, a PEG ratio of 3.44 and a beta of 1.74.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Materialise had a negative return on equity of 3.45% and a negative net margin of 2.07%. equities research analysts predict that Materialise will post -0.06 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Materialise by 15.0% in the 3rd quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock valued at $2,072,000 after buying an additional 18,506 shares during the period. Columbus Circle Investors boosted its position in Materialise by 38.6% in the 3rd quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock valued at $3,424,000 after buying an additional 65,499 shares during the period. LA Financiere DE L Echiquier boosted its position in Materialise by 104.5% in the 3rd quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock valued at $9,344,000 after buying an additional 327,966 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Materialise in the 3rd quarter valued at about $504,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Materialise in the 2nd quarter valued at about $283,000. 11.31% of the stock is owned by institutional investors.

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Materialise Company Profile

Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.

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