Materialise (NASDAQ:MTLS) Stock Passes Above 50 Day Moving Average of $6.04

Materialise NV (NASDAQ:MTLSGet Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.04 and traded as high as $6.93. Materialise shares last traded at $6.88, with a volume of 62,073 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a report on Monday, October 30th.

Get Our Latest Analysis on Materialise

Materialise Stock Performance

The company’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $6.75. The company has a current ratio of 2.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $397.52 million, a P/E ratio of 134.60 and a beta of 0.89.

Materialise (NASDAQ:MTLSGet Free Report) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.07 EPS for the quarter. Materialise had a net margin of 1.06% and a return on equity of 1.15%. The firm had revenue of $63.70 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTLS. Tower Research Capital LLC TRC boosted its holdings in Materialise by 2,964.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,064 shares of the software maker’s stock valued at $25,000 after purchasing an additional 2,964 shares during the period. Signaturefd LLC lifted its holdings in shares of Materialise by 816.1% during the 2nd quarter. Signaturefd LLC now owns 3,307 shares of the software maker’s stock worth $29,000 after acquiring an additional 2,946 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Materialise by 164.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,813 shares of the software maker’s stock worth $33,000 after acquiring an additional 2,371 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of Materialise during the 1st quarter worth $35,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Materialise during the 4th quarter worth $90,000. 24.68% of the stock is owned by institutional investors.

About Materialise

(Get Free Report)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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