K.J. Harrison & Partners Inc held its position in Materialise NV (NASDAQ:MTLS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,000 shares of the company’s stock at the end of the second quarter. K.J. Harrison & Partners Inc owned 0.29% of Materialise NV worth $965,000 as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC purchased a new position in Materialise NV during the first quarter worth $135,000. 7.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Materialise NV (NASDAQ:MTLS) traded up 0.56% during mid-day trading on Thursday, hitting $7.21. The stock had a trading volume of 17,458 shares. Materialise NV has a 52-week low of $5.22 and a 52-week high of $8.89. The stock’s 50-day moving average price is $6.81 and its 200-day moving average price is $7.09. The firm’s market cap is $341.21 million.
Materialise NV (NASDAQ:MTLS) last posted its earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.00. The business earned $27.60 million during the quarter, compared to the consensus estimate of $31.47 million. Materialise NV had a negative return on equity of 3.33% and a negative net margin of 2.47%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, analysts anticipate that Materialise NV will post ($0.05) earnings per share for the current fiscal year.
A number of research analysts recently weighed in on MTLS shares. Pacific Crest reaffirmed an “overweight” rating and set a $11.00 price target on shares of Materialise NV in a research note on Friday, June 3rd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $12.00 price target on shares of Materialise NV in a research note on Friday, August 12th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $8.50 price target (down from $9.00) on shares of Materialise NV in a research note on Monday, August 15th. Finally, KeyCorp upped their price target on Materialise NV from $6.58 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.58.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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