MTLS has been the subject of a number of other research reports. KeyCorp lifted their target price on shares of Materialise NV from $6.58 to $10.00 and gave the company an overweight rating in a research note on Wednesday, September 7th. Piper Jaffray Cos. reiterated an overweight rating and issued a $8.50 target price (down previously from $9.00) on shares of Materialise NV in a research note on Monday, August 15th. Finally, Credit Suisse Group AG reissued a buy rating and issued a $12.00 price target on shares of Materialise NV in a report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $9.58.
Shares of Materialise NV (NASDAQ:MTLS) traded down 4.5159% during trading on Wednesday, reaching $8.0875. The company had a trading volume of 16,052 shares. Materialise NV has a 12-month low of $5.22 and a 12-month high of $8.89. The firm has a 50-day moving average of $7.12 and a 200-day moving average of $7.10. The company’s market cap is $382.74 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 analysts’ consensus estimates of ($0.01) by $0.00. Materialise NV had a negative net margin of 2.47% and a negative return on equity of 3.33%. The firm earned $27.60 million during the quarter, compared to the consensus estimate of $31.47 million. During the same quarter last year, the firm posted ($0.06) EPS. The business’s revenue was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Materialise NV will post ($0.05) EPS for the current year.
A hedge fund recently bought a new stake in Materialise NV stock. Renaissance Technologies LLC bought a new position in Materialise NV (NASDAQ:MTLS) during the first quarter, according to its most recent filing with the SEC. The firm bought 17,800 shares of the company’s stock, valued at approximately $135,000. 7.17% of the stock is owned by institutional investors.
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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