Materialise (NASDAQ:MTLS) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Materialise NV (NASDAQ:MTLS) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.39 and traded as high as $6.69. Materialise shares last traded at $6.67, with a volume of 240,475 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MTLS shares. Cantor Fitzgerald set a $10.00 price target on Materialise and gave the stock an “overweight” rating in a research report on Friday, February 20th. Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Materialise currently has an average rating of “Hold” and an average target price of $10.00.

Materialise Stock Performance

The company has a market capitalization of $393.98 million, a P/E ratio of 33.35 and a beta of 1.28. The business has a 50-day moving average of $5.39 and a 200-day moving average of $5.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 2.24.

Materialise (NASDAQ:MTLS) last released its earnings results on Tuesday, March 31st. The software maker reported $0.03 earnings per share for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%.The business had revenue of $76.72 million for the quarter. On average, sell-side analysts anticipate that Materialise NV will post 0.16 EPS for the current year.

Institutional Trading of Materialise

Hedge funds and other institutional investors have recently bought and sold shares of the business. Roubaix Capital LLC purchased a new stake in Materialise in the third quarter worth $2,356,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Materialise in the fourth quarter worth $555,000. GSA Capital Partners LLP increased its stake in Materialise by 98.5% in the third quarter. GSA Capital Partners LLP now owns 49,408 shares of the software maker’s stock worth $275,000 after purchasing an additional 24,518 shares during the period. King Luther Capital Management Corp increased its stake in Materialise by 12.9% in the third quarter. King Luther Capital Management Corp now owns 655,000 shares of the software maker’s stock worth $3,648,000 after purchasing an additional 75,000 shares during the period. Finally, Candriam S.C.A. increased its stake in Materialise by 218.6% in the third quarter. Candriam S.C.A. now owns 31,857 shares of the software maker’s stock worth $177,000 after purchasing an additional 21,857 shares during the period. Hedge funds and other institutional investors own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.