Materialise (NASDAQ:MTLS) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Materialise NV (NASDAQ:MTLS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.64 and traded as low as $5.59. Materialise shares last traded at $5.62, with a volume of 56,831 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTLS. Wall Street Zen raised shares of Materialise from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Materialise in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Materialise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Materialise has a consensus rating of “Hold”.

Materialise Trading Down 2.1%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.37 and a quick ratio of 2.20. The business has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $5.64.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $77.76 million during the quarter, compared to the consensus estimate of $65.35 million. Materialise had a return on equity of 1.75% and a net margin of 1.65%. On average, equities research analysts anticipate that Materialise NV will post 0.3 EPS for the current fiscal year.

Institutional Trading of Materialise

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Materialise by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock valued at $55,000 after acquiring an additional 5,459 shares during the period. Teton Advisors LLC acquired a new position in shares of Materialise during the 3rd quarter worth about $56,000. Candriam S.C.A. bought a new stake in Materialise during the 2nd quarter valued at approximately $57,000. Osaic Holdings Inc. grew its holdings in Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after buying an additional 10,900 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Materialise by 19,063.2% in the 2nd quarter. NewEdge Advisors LLC now owns 13,031 shares of the software maker’s stock worth $74,000 after buying an additional 12,963 shares during the period. 19.30% of the stock is owned by institutional investors.

Materialise Company Profile

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.