Stratasys (NASDAQ:SSYS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Stratasys, Ltd. (NASDAQ:SSYS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.28 and traded as high as $10.95. Stratasys shares last traded at $10.45, with a volume of 505,916 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SSYS shares. UBS Group reaffirmed an “overweight” rating on shares of Stratasys in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stratasys in a research report on Thursday, January 22nd. Needham & Company LLC dropped their price target on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Cantor Fitzgerald raised their price objective on Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stratasys presently has an average rating of “Moderate Buy” and an average target price of $12.75.

Stratasys Stock Down 2.9%

The company has a market cap of $889.22 million, a price-to-earnings ratio of -6.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.65. The stock’s fifty day moving average is $10.27 and its two-hundred day moving average is $10.28.

Institutional Investors Weigh In On Stratasys

Several institutional investors have recently bought and sold shares of SSYS. Envestnet Asset Management Inc. lifted its stake in Stratasys by 8.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock valued at $176,000 after acquiring an additional 1,199 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Stratasys by 8.9% during the fourth quarter. Van ECK Associates Corp now owns 19,475 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,590 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Stratasys by 9.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,912 shares during the last quarter. Invesco Ltd. grew its position in Stratasys by 2.8% in the 4th quarter. Invesco Ltd. now owns 88,856 shares of the technology company’s stock worth $771,000 after purchasing an additional 2,380 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Stratasys by 9.4% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 28,000 shares of the technology company’s stock valued at $321,000 after buying an additional 2,400 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.